The listing facts are current enough for an initial property review.
347 Lincoln Rd
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
$255/sqft vs a nearby median of $808/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
Asking price is about 207.1% below the fair value — likely to draw competing offers if it's still on market.
- 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%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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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
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
Public Records
21 total recorded against the building
13 class C (immediately hazardous)
Tax-lot deed, mortgage, and transfer records on file
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.