Updated Two-Family Townhouse in Lefferts
For Sale
$2,499,500
Pending
340 LINCOLN Rd, Brooklyn, NY 11225
Renovated 2-family townhouse near Prospect Park and subway.
Property Size2,964 SF
Lot Size0.05 Acres
Days on Market232
Property Features for 340 LINCOLN Rd
General Information
Standard status
Pending
Size
2,964 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,188
Building Details
Building Size
2,964 SF
Year Built
1905
Units
2
Listing Agency:
Corcoran Group
Listed By:
Deborah Lee Rieders · License #30RI0955004 (NY)
(917) 494-2503
Source:
Elliman
Added: Mar 11
Changed: Oct 26
Last Checked: Oct 26 at 5:21PM
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
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Investment Insights
Based on property information with market context.
This updated two-family townhouse is located on a tree-lined block in Lefferts Gardens, near Prospect Park and the 2/5 subway lines. The three-story home features restored historic details and modern amenities. The owner's upper duplex includes 4 bedrooms, 2 full baths, a parlor guest bathroom, and a bedroom with backyard access. The main floor features a center kitchen, front living room, back dining area, and an additional bedroom suitable for a home office. The kitchen includes custom sage green lacquer cabinetry, two islands, honed Carrara marble countertops, and Bertazzoni stainless steel appliances, including a 5-burner gas range, a 36" fridge with double freezer drawers, and aged brass handles and faucet. The living room features an original fireplace mantle. New white oak hardwood floors are laid in a traditional bordered design. A powder room includes Kohler fixtures, brass lighting, and aged brass fixtures. The top floor offers four bedrooms, two full baths, and a skylit laundry room with full-sized vented machines. The primary suite includes a walk-in closet and garden-facing views. The primary bathroom features Carrara marble, a glass-enclosed double-wide shower with a marble bench, and a 63" marble-topped walnut double vanity with aged brass fixtures. Additional bedrooms include skylights, closets, and overhead lighting. The lower level, with a separate entrance, offers a loft-like studio apartment. The property includes new central cooling and heating, plumbing, windows, electric, fence, doors, and a resurfaced roof with new skylights.
Key Highlights
- Fully updated 2‑family townhouse with new kitchens, baths, and mechanicals.
- Prime Lefferts Gardens location near Prospect Park and 2/5 subway lines.
- Spacious owner's upper duplex with 4 bedrooms, 2 full baths, and a parlor guest bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,804
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,076,080
$2.1M
Cap Rate 7%
$1,482,914
$1.5M
Cap Rate 9%
$1,153,378
$1.2M
Market Conditions
NOI Build-Up for 2,964 SF
Gross rent
$151.2K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$148.3K $50.03/SF
− OpEx
−$44.5K −$15.01/SF
NOI
$103.8K $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%
$2,076,080
Cap Rate 7%
$1,482,914
Cap Rate 9%
$1,153,378
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,804 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,488 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,793 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,522
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Renovated 2-family townhouse near Prospect Park and subway.
Where is this duplex located?
The property is located at 340 LINCOLN Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,500.
What are key features of this property?
This property features: Fully updated 2‑family townhouse with new kitchens, baths, and mechanicals.; Prime Lefferts Gardens location near Prospect Park and 2/5 subway lines.; Spacious owner's upper duplex with **4 bedrooms, 2 full baths**, and a parlor guest bathroom.
