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Crown Heights Multifamily Investment Opportunity
For Sale
$9,000,000

547 Lincoln Pl, Brooklyn, NY 11238

Modern, renovated 54-unit apartment building in prime Crown Heights location.

Property Size64,965 SF
Lot Size0.42 Acres
Days on Market206

Property Features for 547 Lincoln Pl

General Information

Standard status Active
Size 64,965 SF
Lot size 0.42 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $161,579

Building Details

Building Size 64,965 SF
Year Built 1911
Stories 4
Listing Agency: BHHS Fillmore R.E.
Listed By: Gus Ktistakis
Source: Elliman
Added: Mar 10 Changed: Sep 20 Last Checked: Oct 1 at 12:00PM

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 BHHS Fillmore R.E.

Investment Insights

Based on property information with market context.

Located in Crown Heights, this building features 54 fully renovated apartments. The renovations, completed 10 years ago, included upgrades to the electrical system, boiler, rubber roofing, and exterior pointing. The building also features a well-maintained laundry room and is in excellent overall condition. This property represents an investment opportunity in a thriving neighborhood.

Key Highlights

  • Prime location in the heart of Crown Heights
  • 54 fully renovated apartments
  • Recent upgrades to critical infrastructure (electrical, boiler, roofing)

Property Analytics

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Current Use

ABOX COLLECTIVE Interior Design

Suggested Use

Top Pick Law Firm Dental Office Nursing Home Parking Lot & Garage Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,832
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Modern, renovated 54-unit apartment building in prime Crown Heights location.
Where is this apartment building located?
The property is located at 547 Lincoln Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Prime location in the heart of Crown Heights; 54 fully renovated apartments; Recent upgrades to critical infrastructure (electrical, boiler, roofing)
More about this property
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