Historic 2-Family Limestone
291 Lincoln Road Unit HSE Brooklyn, NY 11225
291 Lincoln Road Unit HSE, Brooklyn, NY, 11225
$1,800,000
For Sale
$1,800,000
Historic two-family limestone property sold AS-IS and delivered vacant, with full renovation required.
Property Size2,952 SF
Price / SF$609.76
Days on Market143
Property Features for 291 Lincoln Road Unit HSE
General Information
- Standard status
- Active
- Size
- 2,952 SF
- Property subtype
- Manufactured On Land
Building Details
- Year Built
- 1905
Listing agency
Peace of Mind Realty
(347) 221-0100
Listed by
Chanel Clark
(347) 221-0100
Source
Compass
Added: Mar 1 Updated: Jul 20 at 5:26PM Checked: Jul 21 at 6:38AM
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 Peace of Mind Realty
Investment Insights
Based on property information with market context.
This historic two-family limestone duplex is being sold AS-IS and will be delivered vacant. The property is described as requiring full renovation, making it most suitable for buyers prepared to complete the interior improvements.
The home is located near Prospect Park in Brooklyn. Interior photos are expected to be available soon.
The seller’s terms require all-cash buyers. Prospective purchasers should plan for a full renovation to bring the property to operating condition.
The home is located near Prospect Park in Brooklyn. Interior photos are expected to be available soon.
The seller’s terms require all-cash buyers. Prospective purchasers should plan for a full renovation to bring the property to operating condition.
Key Highlights
- Historic 2‑family limestone property built in 1905
- 2,952 SF living area with 12 total rooms
- Hardwood flooring and beamed ceilings, with hardwood floors throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.6k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $147.7k | $50.03 |
| − OpEx | −$44.3k | −$15.01 |
| NOI | $103.4k | $35.02 |
2,952 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.72M
NOI $103,384 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,121 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$2.44M
$2.14M – $2.85M
NOI $171,098 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historic two-family limestone property sold AS-IS and delivered vacant, with full renovation required.
Where is this duplex located?
The property is located at 291 Lincoln Road Unit HSE Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Historic 2‑family limestone property built in 1905; 2,952 SF living area with 12 total rooms; Hardwood flooring and beamed ceilings, with hardwood floors throughout
