14 Lincoln Place, Brooklyn, NY 11217

14 Lincoln Place · 8-Unit Renovated Limestone · Park Slope, Brooklyn

Charney Brokerage is pleased to offer 14 Lincoln Place, an 8,960-square-foot bow-front limestone in the heart of Park Slope. Built in 1920 and fully renovated, the property delivers eight oversized two-bedroom apartments across four floors plus a full basement. At 28 feet wide on a 100-foot lot, the building offers materially larger floor plates than the standard 20-foot Brooklyn brownstone, situated on a quiet tree-lined block between Fifth and Sixth Avenues.

Asking $5,350,000 · 6% Pro-Forma Cap · $597/SF · $668,750/Unit

Investment Highlights

• Unit mix: 4× free-market 2BR/2BA · 3× rent-stabilized 2BR/1BA · 1× rent-controlled 2BR/1BA
• Four units fully renovated with condo-grade finishes — Caesarstone counters, custom millwork, stainless appliances, in-unit washer/dryers — already commanding premium free-market rents
• Unit 2R signed at $6,995/month on a 06/15/2026 lease, establishing a clear clearing-rate benchmark for the three remaining free-market units as their leases roll off in 2026–2027
• Substantial mark-to-market upside on the rent-controlled unit at vacancy
• Two rent-stabilized units roll in summer 2026 — RGB and IAI opportunity on turnover
• Basement currently houses laundry, storage, and bike parking; legalization potential to combine with ground-floor units for duplex configurations
• Meticulously maintained asset requiring minimal capex

Financial Summary

• In-place gross rent: $385,962 · Pro-forma: $416,442
• In-place NOI: $293,096 · Pro-forma NOI: $318,067 (+8.5%)
• Total operating expenses: ~$81K (current) / ~$86K (pro-forma)

Property Details

• Address: 14 Lincoln Place, Brooklyn, NY 11217
• Block/Lot: Brooklyn 950/12
• Lot: 2,800 SF (28 ft × 100 ft)
• Gross Floor Area: 8,960 SF
• Floors: 4 + basement
• Year Built: 1920 (fully renovated)
• Building Class: C1 (walk-up apartments over six families w/o stores)
• Tax Class: 2B · Zoning: R6B

Location

Tree-lined block between Fifth and Sixth Avenues — blocks from the Fifth Avenue retail corridor and under half a mile to Atlantic Terminal/Barclays Center, with access to nine subway lines and the LIRR. Park Slope remains one of Brooklyn's tightest small-multifamily submarkets, where renovated free-market-heavy 8-unit walk-ups rarely come available.

All information is from sources deemed reliable but not guaranteed and is subject to errors, omissions, change, or withdrawal without notice. Equal Housing Opportunity.