Six-Unit Apartment
For Sale
$2,300,000
689 Lincoln 4a Brooklyn, Ny, NY 11216
Three-story multifamily property with two-bedroom residences, a walk-out basement, and landscaped outdoor space.
Property Size6,000 SF
Price / SF$383.33
Days on Market101
Property Features for 689 Lincoln 4a Brooklyn
General Information
Standard status
Active
Size
6,000 SF
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$13,766
Amenities
Finished,Full,Walk-Out Access
Hardwood
6
No
Yes
12
Insulated Windows
Cathedral Ceiling(s),Entrance Foyer,Primary Bathroom
Finished, Full, Walk-Out Access
Public
On Street
Private Entrance
6000
Building Details
Building Size
6,000 SF
Year Built
1931
Stories
3
Listed By:
Tiffany Megna
(845) 765-6128
Source:
Town-and-country-fishkill-ny.remax
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 7 at 8:26AM
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 Tiffany Megna
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,000-square-foot multifamily building contains six two-bedroom apartments arranged with two residences per floor across the first, second, and third levels. Each apartment includes one full bathroom, a combined living and dining area, and a kitchen. Hardwood flooring and insulated windows are among the noted interior features, and the building dates to 1931.
A finished full basement adds substantial ancillary space, with above-ground windows and direct walk-out access to the exterior. The grounds include greenery and open space suitable for outdoor use. The property is located in Brooklyn’s Crown Heights section and offers private entrances, public transportation access, and on-street parking.
A finished full basement adds substantial ancillary space, with above-ground windows and direct walk-out access to the exterior. The grounds include greenery and open space suitable for outdoor use. The property is located in Brooklyn’s Crown Heights section and offers private entrances, public transportation access, and on-street parking.
Key Highlights
- 6,000‑square‑foot multifamily building constructed in 1931
- Six 2‑bedroom apartments, with two units on each of the first, second, and third floors
- Each apartment includes 1 full bathroom, living/dining combination, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,724
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,754,480
$3.8M
Cap Rate 7%
$2,681,771
$2.7M
Cap Rate 9%
$2,085,822
$2.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$359.3K $59.88/SF
− Vacancy
−$18.0K −$2.99/SF
EGI
$341.3K $56.89/SF
− OpEx
−$153.6K −$25.60/SF
NOI
$187.7K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,754,480
Cap Rate 7%
$2,681,771
Cap Rate 9%
$2,085,822
Alternative Uses
Best Use
Apartment 5plus
$2.68M
$2.35M – $3.13M
NOI $187,724 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.93M
$13.07M – $17.42M
NOI $1,045,440 @ 7.0% cap · market cap 45.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with two-bedroom residences, a walk-out basement, and landscaped outdoor space.
Where is this apartment building located?
The property is located at 689 Lincoln 4a Brooklyn Ny, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6,000‑square‑foot multifamily building constructed in 1931; Six 2‑bedroom apartments, with two units on each of the first, second, and third floors; Each apartment includes 1 full bathroom, living/dining combination, and kitchen
