The page is useful for research, but the status and price should be verified before acting.
for saleRealtyLens property overview
$9,000,000
547 Lincoln Pl
Brooklyn, NY, 11238
View more Brooklyn, NY property pages114Beds
57Baths
64,965Sqft
$139$/sqft
Listing Notes
Located in the heart of Crown Heights, this modern building features 54 fully renovated apartments. Renovations were completed 10 years ago, including upgrades to the electrical system, boiler, rubber roofing, and exterior pointing. Additionally, the building boasts a well-maintained laundry room and is in excellent overall condition. With a solid foundation and contemporary features, this property represents a fantastic investment opportunity in a thriving neighborhood. Don't miss out on this rare chance to own a prime piece of real estate in Crown Heights. Serious inquiries only, as per seller proof of funds required to view property.
Market Insights
Below nearby median-88%
$139/sqft vs a nearby median of $1166/sqft.
Nearby median$1166/sqft
Nearby properties7
Property size64,965 sqft
- -88% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 64,965 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$74M$68M – $81M · 51% confidence
vs ask $9.00M−$65M (−724.8%)
Asking price is about 724.8% below the fair value — likely to draw competing offers if it's still on market.
$1,104/sqft median across 4 tight comps × 64,965 sqft= $72M
- Transit access+$2.87M +4.0%
- Days-on-market gravity−$2.15M −3.0%
- Pre-war character+$1.79M +2.5%
Cumulative NYC adjustments+$2.51M+3.5%
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.
Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read
Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.
Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 568 days
- Last price change
- No change recorded
- Listed
- Oct 21, 2024
- Photos
- 14 photos
- Property type
- multi family
- Status
- for sale
Features & Amenities
Central AirHardwood FloorsTwo Or More StoriesInvestment Opportunity
Photos
Building Facts
- Year built
- 1911
- Stories
- 4
- Total units
- 16
- Residential units
- 16
- Building area
- 18,136 sqft
- Lot size
- 18,336 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C1
From NYC public records where available.
Price History
May 4, 2026Initial record
$9,000,000for sale
Public Records
DOB violations2 open
4 total recorded against the building
HPD violations5 open
59 total recorded
ACRIS documents72
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)34,223
Top: illegal parking
Top complaint types in ZIP 11238
- Illegal Parking6,166
- HEAT/HOT WATER3,070
- Noise - Residential2,033
- Noise - Helicopter1,915
- Noise - Street/Sidewalk1,377
Recent DOB
- Jun 30, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jun 1, 1994V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Aug 16, 1993V-DOB VIOLATION - ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Jun 1, 1993V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- Dec 8, 2025Class B · § 27-2005 ADM CODE & 309 M/D LAW ABATE THE NUISANCE CONSISTING OF AIR CONDITIONER PROTRUDING 6 INCHES BEYOND WINDOW STOOL AT BUILDING FRONT (1ST FROM EAST AT NORTH) , 3rd STORY
- Jan 7, 2024Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF MICE IN THE ENTIRE APARTMENT LOCATED AT APT 1A, 1st STORY, 1st APARTMENT FROM SOUTH AT WEST
- Jan 7, 2024Class C · HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 1A, 1st STORY, 1st APARTMENT FROM SOUTH AT WEST
- Jan 7, 2024Class C · § 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGE IN THE ENTRAN...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.