Three-Family Limestone
For Sale
$2,195,000
933 Lincoln Place, Brooklyn, NY 11213
Residential Income, Brooklyn, NY
Property Size3,432 SF
Price / SF$639.57
Days on Market34
Property Features for 933 Lincoln Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bathroom 3, Bedroom 5
Interior features
Entrance Foyer
Fireplace
1
Subdivision
Crown Heights
Standard status
Active
Size
3,432 SF
Taxes and HOA fees
Tax Annual Amount
8052
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1906
Floors in Building
2
Flooring type
Hardwood, Tile
Architectural style
Other
Buildings
1
Listing Agency:
FLATEAU REALTY CORP
(718) 953-2732
Listed By:
Gloria Sandiford
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 27 at 5:06AM
MLS# 11999299
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit residence has 3,432 square feet of interior space and a limestone exterior. Built in 1906, it includes an entrance foyer, hardwood and tile flooring, and a fireplace. The third-floor apartment has been recently updated. The property will be delivered vacant and is being sold in as-is condition.
The building occupies a lot measuring approximately 19.83' x 102', with an approximately 19.83' x 55' footprint. Public water and natural gas and steam heating are listed for the property.
The building occupies a lot measuring approximately 19.83' x 102', with an approximately 19.83' x 55' footprint. Public water and natural gas and steam heating are listed for the property.
Key Highlights
- Three‑unit residential building
- 3,432 square feet; built in 1906
- Limestone exterior with a barrel facade
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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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,569
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The vacant property retains hardwood and tile floors, a fireplace, and a recently updated third-floor apartment.
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‑unit residential building; 3,432 square feet; built in 1906; Limestone exterior with a barrel facade
