Multifamily Townhouse with
For Sale
$2,598,000
807 Lincoln Place, Brooklyn, NY 11216
Four-bedroom interiors include three full bathrooms, two kitchens and a private garden.
Property Size3,200 SF
Price / SF$811.88
Days on Market11
Property Features for 807 Lincoln Place
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,390
Amenities
private garden
cabana
laundry
Building Details
Building Size
3,200 SF
Year Built
1901
Listing Agency:
IVEY NORTH LLC
Listed By:
AYANNA T BARTON
(646) 408-6817
Source:
Howardhannanyc
Added: Sep 22
Changed: Sep 26
Last Checked: Oct 1 at 4:42PM
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 IVEY NORTH LLC
Investment Insights
Based on property information with market context.
This 1901 Crown Heights townhouse offers 3,200 square feet arranged over four levels, including a full cellar. The current layout has four bedrooms and three full bathrooms. A garden-level living room, dining room and kitchen open to the backyard; the parlor level has two bedrooms, a bathroom and laundry. Two more bedrooms, two walk-in closets and a second kitchen occupy the top floor. The cellar provides storage and utility space, and a separate cabana with electricity sits in the garden.
The backyard extends approximately 56 feet behind the home. On Lincoln Place between New York and Nostrand Avenues, the property is on a block whose gardening community maintains gardens, stoops and tree beds. The block took first place among 139 entrants in the Brooklyn Botanic Garden’s 2026 Greenest Block in Brooklyn competition, following first-place results in 2019, 2022 and 2024.
The backyard extends approximately 56 feet behind the home. On Lincoln Place between New York and Nostrand Avenues, the property is on a block whose gardening community maintains gardens, stoops and tree beds. The block took first place among 139 entrants in the Brooklyn Botanic Garden’s 2026 Greenest Block in Brooklyn competition, following first-place results in 2019, 2022 and 2024.
Key Highlights
- 3,200 square feet across four levels, including the cellar
- Four bedrooms, three full bathrooms and two kitchens
- Private backyard extends approximately 56 feet; separate cabana has electricity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,953,860
$2.0M
Cap Rate 7%
$1,395,614
$1.4M
Cap Rate 9%
$1,085,478
$1.1M
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$181.2K $56.64/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$177.6K $55.51/SF
− OpEx
−$79.9K −$24.98/SF
NOI
$97.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,953,860
Cap Rate 7%
$1,395,614
Cap Rate 9%
$1,085,478
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,783
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
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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?
Multifamily property - Four-bedroom interiors include three full bathrooms, two kitchens and a private garden.
Where is this multifamily property located?
The property is located at 807 Lincoln Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,598,000.
What are key features of this property?
This property features: 3,200 square feet across four levels, including the cellar; Four bedrooms, three full bathrooms and two kitchens; Private backyard extends approximately 56 feet; separate cabana has electricity
