Barrel-Front
New
For Sale
$2,495,000
230 LINCOLN Road, Brooklyn, NY 11225
A two-family limestone residence offers separate living areas and a south-facing garden.
Property Size3,000 SF
Price / SF$831.67
Days on Market4
Property Features for 230 LINCOLN Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,920
Amenities
garden
patio
skylight
Building Details
Building Size
3,000 SF
Year Built
1910
Buildings
1
Stories
3
Construction
neo-Renaissance
Listing Agency:
Corcoran Group
Listed By:
Deborah Lee Rieders · License #30RI0955004 (NY)
(917) 494-2503
Source:
Miradorrealestate
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
Investment Insights
Based on property information with market context.
This two-family limestone home has three full floors of living space above a full basement. Its barrel-front façade features rounded bays, a decorative entry, and an iron cornice. Inside, preserved details include patterned wood floors, mahogany wainscoting, pocket doors, ornamental moldings, and fireplace mantels. The garden level has two rooms, a galley kitchen, and a renovated full bath; the parlor floor is arranged as a triple parlor. The top floor contains three bedrooms, a full bath, and a kitchen in a fourth bedroom that could be converted to another bath. A south-facing rear garden includes a cobblestone patio and planted beds, with a separate planted garden at the front.
The property is a few blocks from the Prospect Park Q and B trains, with Prospect Park, the Botanic Gardens, the Brooklyn Museum, shops, cafes, and restaurants nearby.
The property is a few blocks from the Prospect Park Q and B trains, with Prospect Park, the Botanic Gardens, the Brooklyn Museum, shops, cafes, and restaurants nearby.
Key Highlights
- Two‑family limestone home with three full floors and a full basement
- Barrel‑front façade with rounded bays, ornate entry, and iron cornice
- Three bedrooms plus a fourth bedroom currently configured as a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A two-family limestone residence offers separate living areas and a south-facing garden.
Where is this duplex located?
The property is located at 230 LINCOLN Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Two‑family limestone home with three full floors and a full basement; Barrel‑front façade with rounded bays, ornate entry, and iron cornice; Three bedrooms plus a fourth bedroom currently configured as a kitchen
