Brooklyn Two-Family Brick
778 Lincoln Avenue Brooklyn, NY 11208
778 Lincoln Avenue, Brooklyn, NY, 11208
$1,199,000
For Sale
$1,199,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,532 SF
Lot Size0.05 Acres
Price / SF$473.54
Days on Market838
Property Features for 778 Lincoln Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R5
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 3
- Parking features
- Garage, Carport
- Interior features
- Central Air, Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 2,532 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6690
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
(718) 758-0600
1476 Flatbush Avenue, Brooklyn, NY
Listed by
Andre Hanniford
(718) 758-0600
Added: Apr 2, 2024 Checked: Jul 18 at 5:06 am
MLS# 481033
Listing URL
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 brick two-family home in Brooklyn features a duplex with 3 bedrooms and 2 bathrooms, over a 3-bedroom, 1-bathroom unit, with additional basement space. The property, built in 2005, includes modern electrical and plumbing systems. It features central air, a private outdoor space accessible from the duplex's master bedroom loft, and a built-in garage with a private carport parking space. A fully fenced, large private backyard is also included. The home is equipped with 2 separate boilers, 2 water heaters, and 3 separate light meters (the walk-in and hallway share one meter). The property is located close to transportation options and shopping centers like Gateway Mall. The house will be delivered vacant. The lot size is 0.045 acres, and the property size is 2532 square feet. The zoning is R5.
Key Highlights
- Brick two‑family duplex built in 2005, delivered vacant
- Two separate boilers, two water heaters, and 3 separate light meters
- Central air with split system plus in‑unit appliances including dishwasher, microwave, refrigerator, washer, and dryer
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 | $97.2k | $38.40 |
| − Vacancy | −$4.4k | −$1.73 |
| EGI | $92.9k | $36.67 |
| − OpEx | −$27.9k | −$11.00 |
| NOI | $65.0k | $25.67 |
2,532 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family brick home with modern amenities and private outdoor space.
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: Brick two‑family duplex built in 2005, delivered vacant; Two separate boilers, two water heaters, and 3 separate light meters; Central air with split system plus in‑unit appliances including dishwasher, microwave, refrigerator, washer, and dryer
