1522 Lincoln Place Brooklyn, NY 11213
Crown Heights NeighborhoodEstimated payment $7,884/month
About This Home
Located in the heart of vibrant Crown Heights, this well-maintained three-family property presents a rare opportunity for both investors and end-users. Built just 10 years ago and in excellent condition, the building features three fully renovated units, all offering spacious layouts, modern finishes, and great natural light.
Currently, all units are tenant-occupied, generating a strong and stable income stream with an in-place 6.3% cap rate. Each unit has been thoughtfully updated and is separately metered, making this a true turnkey investment with minimal maintenance required.
For buyers looking to live in the property while generating rental income, there is the option to deliver one unit vacant at closing, allowing for a seamless transition into an owner-occupied setup. This flexibility makes the property ideal for those seeking a hybrid investment and personal residence in one of Brooklyn’s most desirable neighborhoods.
Listing Agent
Best In The Market Realty Inc Brokerage Phone: 718-493-1471 License #10401397060 Listed on: 07/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,295
Year Built
- Built in 2006
Home Design
- Triplex
- Brick Exterior Construction
Utilities
- Baseboard Heating
- Cable TV Available
Additional Features
- 6 Full Bathrooms
- Washer and Dryer Hookup
- 1,395 Sq Ft Lot
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 01392-0033
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,295 | $77,160 | $8,640 | $68,520 |
| 2024 | $8,295 | $60,960 | $8,640 | $52,320 |
| 2023 | $8,387 | $72,300 | $8,640 | $63,660 |
| 2022 | $8,182 | $63,960 | $8,640 | $55,320 |
| 2021 | $8,138 | $51,540 | $8,640 | $42,900 |
| 2020 | $3,816 | $54,600 | $8,640 | $45,960 |
| 2019 | $7,200 | $53,940 | $8,640 | $45,300 |
| 2018 | $7,016 | $34,416 | $5,562 | $28,854 |
| 2017 | $6,963 | $34,157 | $7,016 | $27,141 |
| 2016 | $6,442 | $32,224 | $6,957 | $25,267 |
| 2015 | $4,317 | $30,400 | $6,922 | $23,478 |
| 2014 | $4,317 | $28,680 | $7,200 | $21,480 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | For Sale | $1,350,000 | -- | $549 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $770,000 | -- | |
| Deed | $770,000 | -- | |
| Deed | $189,000 | -- | |
| Deed | $189,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $700,000 | Purchase Money Mortgage | |
| Previous Owner | $7,665 | No Value Available | |
| Previous Owner | $577,500 | Purchase Money Mortgage | |
| Previous Owner | $220,000 | No Value Available | |
| Previous Owner | $138,300 | Purchase Money Mortgage | |
| Previous Owner | $150,725 | No Value Available |
Source: OneKey® MLS
MLS Number: 892061
APN: 01392-0033
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