Brick Two-Family Duplex with
For Sale
$1,199,000
778 Lincoln Avenue, Brooklyn, NY 11208
Residential, Duplex, Brooklyn, NY
Property Size2,532 SF
Lot Size0.05 Acres
Price / SF$473.54
Days on Market923
Property Features for 778 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 4
Parking features
Garage, Carport
Interior features
Central Air, Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer
Basement
Finished
Subdivision
City Line
Standard status
Active
Size
2,532 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6690
Amenities
central air
private outdoor space
fenced backyard
Building Details
Year built
2005
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood, Ceramic
Building materials
Block, Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
Century 21 Achievers
Listed By:
Andre Hanniford · License #HANDE791
(718) 758-0600
Added: Apr 2, 2024
Changed: Oct 10
Last Checked: Oct 11 at 10:06AM
MLS# 481033
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,532-square-foot brick two-family property was constructed in 2005 and is scheduled for delivery vacant. The building includes a garage, a private carport space, central air, private exterior space connected to the upper unit, and a fully fenced backyard. Interior finishes include ceramic, hardwood, and tile flooring, along with a kitchen equipped with a dishwasher, microwave, refrigerator, stove, washer, and dryer.
Building systems include two boilers, two water heaters, and three separate electric meters; the walk-in area and hallway share one meter. The property occupies 0.045 acres and carries R5 zoning. Its Brooklyn location at 778 Lincoln Avenue is near transportation options and Gateway Mall.
Building systems include two boilers, two water heaters, and three separate electric meters; the walk-in area and hallway share one meter. The property occupies 0.045 acres and carries R5 zoning. Its Brooklyn location at 778 Lincoln Avenue is near transportation options and Gateway Mall.
Key Highlights
- 2,532‑square‑foot brick two‑family property on 0.045 acres
- Constructed in 2005 and delivered vacant
- Garage plus private carport parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,997
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,940
$1.3M
Cap Rate 7%
$928,529
$928.5K
Cap Rate 9%
$722,189
$722.2K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$97.2K $38.40/SF
− Vacancy
−$4.4K −$1.73/SF
EGI
$92.9K $36.67/SF
− OpEx
−$27.9K −$11.00/SF
NOI
$65.0K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,940
Cap Rate 7%
$928,529
Cap Rate 9%
$722,189
Alternative Uses
Best Use
Multifamily LT 5
$928.5K
$812.5K – $1.08M
NOI $64,997 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$826.8K
$723.4K – $964.6K
NOI $57,874 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,449 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - Vacant brick duplex with central air, private outdoor areas, enclosed parking, and R5 zoning in Brooklyn.
Where is this duplex located?
The property is located at 778 Lincoln Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,532‑square‑foot brick two‑family property on 0.045 acres; Constructed in 2005 and delivered vacant; Garage plus private carport parking space
