Historic Limestone
933 Lincoln Place, Brooklyn, NY 11213
For Sale
$2,195,000
Three separate apartments will be delivered vacant, with the third-floor unit recently updated.
Property Size3,432 SF
Lot Size0.05 Acres
Price / SF$639.57
Days on Market47
Property Features for 933 Lincoln Place
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
FLATEAU REALTY CORP
Listed By:
Gloria Sandiford
(718) 953-2732
Source:
Davisrealtyandauction
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 9 at 7:16AM
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 FLATEAU REALTY CORP
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Investment Insights
Based on property information with market context.
Built in 1906, this three-family limestone residence contains three individual apartments and 3,432 square feet of building area. Its exterior features a limestone barrel façade, while original interior details remain. The third-floor apartment has been recently updated. The property is being sold in as-is condition and will be delivered vacant.
The home is at 933 Lincoln Place in Brooklyn, on a landmarked block within the Crown Heights North II Historic District, between New York and Kingston Avenues. The lot measures approximately 19.83 feet by 102 feet, with a building footprint of approximately 19.83 feet by 55 feet.
The home is at 933 Lincoln Place in Brooklyn, on a landmarked block within the Crown Heights North II Historic District, between New York and Kingston Avenues. The lot measures approximately 19.83 feet by 102 feet, with a building footprint of approximately 19.83 feet by 55 feet.
Key Highlights
- Three‑family residence with three individual apartments
- 3,432 square feet of building area
- Built in 1906 with a limestone barrel façade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,194
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,880
$2.4M
Cap Rate 7%
$1,717,057
$1.7M
Cap Rate 9%
$1,335,489
$1.3M
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$175.0K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$171.7K $50.03/SF
− OpEx
−$51.5K −$15.01/SF
NOI
$120.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,880
Cap Rate 7%
$1,717,057
Cap Rate 9%
$1,335,489
Alternative Uses
Best Use
Multifamily LT 5
$1.72M
$1.50M – $2.00M
NOI $120,194 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,775 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$2.84M
$2.49M – $3.32M
NOI $198,919 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,569
Businesses Nearby
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Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments will be delivered vacant, with the third-floor unit recently updated.
Where is this triplex located?
The property is located at 933 Lincoln Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Three‑family residence with three individual apartments; 3,432 square feet of building area; Built in 1906 with a limestone barrel façade
