Renovated Multi-Family Residence with
984 LINCOLN PLACE Brooklyn, NY 11213
984 LINCOLN PLACE, Brooklyn, NY, 11213
$3,100,000
For Sale
$3,100,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$939.39
Days on Market51
Property Features for 984 LINCOLN PLACE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Laundry Room, Bedroom 3, Bedroom 8
- Interior features
- Master Downstairs
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7009
Building Details
- Floors in Building
- 2
Listing Agency
5 BORO REALTY CORP
(917) 705-0005
2153 UTICA AVE, BROOKLYN, NY
Listed by
Nina Sabag
855-305-DEAL
Added: Jun 1 Updated: Jul 11 at 11:33 am Checked: Jul 21 at 5:06 am
MLS# 11799377
Listing URL
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.
Investment Insights
Based on property information with market context.
This renovated multi-family residence offers a spacious, multi-level layout with eight bedrooms and three full bathrooms. Individual split-unit heating and cooling systems are provided in every room. The finished lower level includes three bedrooms, a full bathroom, a modern kitchen with dining area, and a living room, with direct access to the private backyard. The first floor features two bedrooms, a living room, formal dining area, and a full bathroom, also with direct backyard access. The second floor offers three bedrooms, a spacious living room, a separate dining area, and a full bathroom.
Located in Brooklyn, the property is described as conveniently near public transportation, shopping, restaurants, schools, parks, and major thoroughfares, supporting a flexible living-and-income setup with substantial bedroom count across multiple levels. The property is listed at approximately 3,300 square feet on a 0.05-acre lot.
Located in Brooklyn, the property is described as conveniently near public transportation, shopping, restaurants, schools, parks, and major thoroughfares, supporting a flexible living-and-income setup with substantial bedroom count across multiple levels. The property is listed at approximately 3,300 square feet on a 0.05-acre lot.
Key Highlights
- 8 bedrooms and 3 full bathrooms across multiple levels, with a layout designed for flexible living and rental use.
- Master bedroom on the main level (master downstairs).
- Split‑unit heating and cooling systems in every room for individual climate control.
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 | $168.3k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $165.1k | $50.03 |
| − OpEx | −$49.5k | −$15.01 |
| NOI | $115.6k | $35.02 |
3,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated multi-level residence with eight bedrooms, three full bathrooms, split-unit climate control, and private backyard access.
Where is this triplex located?
The property is located at 984 LINCOLN PLACE Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 8 bedrooms and 3 full bathrooms across multiple levels, with a layout designed for flexible living and rental use.; Master bedroom on the main level (master downstairs).; Split‑unit heating and cooling systems in every room for individual climate control.
