Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    983 Lincoln Ave Brooklyn, NY 11208-5603

    • Investment properties
    • 2,937 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Oct 10, 2023
    $875,000
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    6.4%
    Investment properties
    Location Intelligence
    Property ID
    US63-0862538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 983 Lincoln Ave

    Year built
    2000
    Lot size
    0.05 lot acres
    Property size
    2,937 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04532-0130
    APU
    45320130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $960,000
      ML approach
      $925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $935,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $622,000
      Market price range: $622k - $1.10M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $830,000
      Current use
      WAREHOUSE, STORAGE
      $1,470,000
      Change: +77% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.8642
    Latitude
    40.6646
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,467
    $11,640
    $44,880
    $56,520
    -
    $194,000
    $748,000
    $942,000

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      457 Shepherd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      457 Shepherd Ave, Brooklyn, NY 11208-2392
      View Details
    • Value Estimation by Request
      1,900 SF

      3236 Fulton St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,900 SF
      3236 Fulton St, Brooklyn, NY 11208-1908
      View Details
    • Value Estimation by Request
      4,770 SF

      1067 New Lots Ave, Unit 6

      OFFICE/RESIDENTIAL (MIXED USE) • 4,770 SF
      1067 New Lots Ave, Brooklyn, NY 11208-3757
      View Details
    • Value Estimation
      $1,775,000
      5,560 SF

      482 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,560 SF
      482 Chestnut St, Brooklyn, NY 11208-2662
      View Details
    • Value Estimation
      $570,000
      3,120 SF

      403 Cres St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      403 Cres St, Brooklyn, NY 11208-2826
      View Details
    • Value Estimation by Request
      3,120 SF

      401 Cres St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      401 Cres St, Brooklyn, NY 11208-3391
      View Details

    Similar Nearby for Sale

    • $3,200,000
      4,800 SF

      Brooklyn Multifamily Investment Opportunity

      Six-family home in Brooklyn, great investment opportunity.
      1041 Belmont Ave, Brooklyn, NY 11208
      View Details
    • $1,300,000
      Pending

      Brooklyn Warehouse Investment Opportunity

      6,000 sq ft lot with 2,400 sq ft building.
      765 Glenmore Ave, Brooklyn, NY 11208
      View Details
    • $6,500,000
      18,000 SF

      Brooklyn Multifamily Investment Opportunity

      Turn-key 25-unit Brooklyn investment property with retail spaces.
      380 Crescent St, Brooklyn, NY 11208
      View Details
    • $999,999

      Mixed-Use Building in East New York

      Mixed-use property in a fast-developing Brooklyn neighborhood.
      3199 Fulton St, Brooklyn, NY 11208
      View Details
    • $1,150,000
      Pending

      Mixed-Use Building For Sale

      Five-family building with a store, ideal for investors.
      1168 Glenmore Ave, Brooklyn, NY 11208
      View Details
    • $899,000
      Pending

      Mixed-Use Building in Cypress Hills

      Mixed-use building with commercial space and apartments in Brooklyn.
      523 Ridgewood Ave, Brooklyn, NY 11208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,016 SF

      Brooklyn Lot for Mixed Use

      18,016 Sq Ft lot suitable for flex/mixed use/retail.
      3008-3014 Fulton St, Brooklyn, NY 11208
      View Details
    • $3,000 /Mo
      1,200 SF

      Brooklyn Mixed-Use Ground Floor Space

      Ground floor mixed-use space for rent in Brooklyn, NY.
      1067 New Lots Ave, Brooklyn, NY 11208
      View Details
    • Contact for pricing
      45,719 SF

      Prime Brooklyn Retail Space

      Large Retail Space Available in Brooklyn
      3299 Atlantic Ave, Brooklyn, NY 11208
      View Details
    • $2,595 /Mo
      650 SF

      Brooklyn Retail Space with Kitchen

      650 SF retail space with kitchen fixtures in Brooklyn.
      361 Crescent St, Brooklyn, NY 11208
      View Details
    • $3,700 /Mo
      1,599 SF

      East New York Storefront For Lease

      Commercial storefront in active Brooklyn corridor with outdoor space.
      2416 Pitkin Ave, Brooklyn, NY 11208
      View Details
    • Contact for pricing
      989 SF

      New Retail Space Available

      New retail spaces with high ceilings and convenient location.
      152 Essex St, Brooklyn, NY 11208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    983 Lincoln Ave
    Brooklyn, NY 11208-5603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!