RealtyLens
for saleRealtyLens property overview
$2,450,000

347 Lincoln Rd

Brooklyn, NY, 11225
View more Brooklyn, NY property pages
16Beds
8Baths
9,600Sqft
$255$/sqft

Listing Notes

Welcome to 347 Lincoln Road in Beautiful Prospect Heights Brooklyn. This Stunning 8 Family home is ideal for anyone looking to keep a rental property or Live in one of the amazing units and let your rent roll pay your mortgage . This Amazing Trendy location is close to beautiful prospect park, Shops and trendy bars and restaurants. Currently the rent-roll is 197,000 yearly and after the expenses the NOI is about 147,000 yearly . Giving you a cap rate of 7.30% This amazing property has wonderful original details . Currently there are 4 units vacant which makes it ideal to either live in the property combine units for larger living space or possibly rent it as you see fit.

Market Insights

Below nearby median-68%

$255/sqft vs a nearby median of $808/sqft.

Nearby median$808/sqft
Nearby properties12
Property size9,600 sqft
  • -68% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 9,600 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$7.52M$6.85M$8.20M · 50% confidence
vs ask $2.45M−$5.07M (−207.1%)

Asking price is about 207.1% below the fair value — likely to draw competing offers if it's still on market.

$808/sqft median across 8 tight comps × 9,600 sqft= $7.76M
  • Open Class C HPD violations−$465k −6.0%
  • Transit access+$194k +2.5%
  • Pre-war character+$194k +2.5%
  • Local affordability headwind−$78k −1.0%
  • Visible condition issues−$78k −1.0%
Cumulative NYC adjustments−$233k−3.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-68% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
12 days
Last price change
No change recorded
Listed
May 1, 2026
Photos
2 photos
Property type
multi family
Status
for sale

Features & Amenities

Hardwood FloorsTwo Or More StoriesRental PropertyShopping

Building Facts

Year built
1909
Stories
4
Total units
8
Residential units
8
Building area
9,600 sqft
Lot size
3,972 sqft
Land use
Multi-family walk-up buildings
Building class
C1

From NYC public records where available.

Price History

May 4, 2026Initial record
$2,450,000for sale

Public Records

DOB violations2 open

21 total recorded against the building

HPD violations23 open

13 class C (immediately hazardous)

ACRIS documents51

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)34,400

Top: heat/hot water

Top complaint types in ZIP 11225

  • HEAT/HOT WATER5,538
  • Illegal Parking3,881
  • Noise - Residential3,864
  • UNSANITARY CONDITION1,814
  • Noise - Street/Sidewalk1,654

Recent DOB

  • Nov 14, 2025V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
  • Sep 23, 2024V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
  • Jun 30, 2023V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
  • Jun 30, 2023V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED

Recent HPD

  • May 5, 2026Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
  • Jun 10, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
  • Mar 9, 2025Class B · § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). THAT IS DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 3L, 3rd STORY, 1st APARTMENT FROM WEST AT NORTH
  • Mar 9, 2025Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 3L, 3rd STORY, 1st APARTMENT FROM WEST AT NORTH

Recent Transfers (ACRIS)

  • Jul 18, 2024DEED$1,210,000

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.