209 Lincoln Place
209 Lincoln Place, Brooklyn, NY 11217
Park Slope, Brooklyn
BBL 3010590061 · BIN 3024466
- Year built
- 1928
- Type
- Cooperative
- Units
- 59
- Floors
- 10
- Landmark
- Designated
- Subletting
- Sale or sublet requires board consent or, failing that, consent of holders of at least 65% of outstanding shares (proprietary lease as filed, 1982); current policy unverified
- Pets
- No formal policy in the plan; filed house rules require animals to be carried or leashed in elevators and public portions - implies pets contemplated but current board rule unverified
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 1982 plan as filed). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
209 Lincoln Place is the tall building on a short-building block. Lincoln Place between Seventh and Eighth Avenues is rowhouse country — three- and four-story brownstones with a handful of interwar apartment houses worked in among them — and this ten-story masonry tower stands over all of it. It went up in the late 1920s, when Brooklyn's apartment-house boom was pressing against Park Slope's rowhouse blocks and the neighborhood had no legal instrument to stop it. Forty-five years later, when the Landmarks Preservation Commission designated the Park Slope Historic District, that anomaly was frozen in place. The block cannot grow around it and cannot replace it: today's R7B contextual zoning would allow roughly 3.0 FAR here, and the building carries about 6.6.
The height is not decorative. From the upper floors the building looks over the whole rowhouse roofline toward Prospect Park and, on the north exposures, back toward the Manhattan skyline — views that a six-story Park Slope prewar simply cannot produce. Inside the district, floor number is the single most reliable driver of price variance here, more than line position and often more than renovation state.
The second unrepeatable asset is next door. When 209 Lincoln Associates conveyed the property to the cooperative in 1983, the transaction carried the adjoining lot at 211–215 Lincoln Place, a fenced 4,331-square-foot parking area certified since June 1963 for fourteen cars, with a legal curb cut. Off-street parking is scarce anywhere in brownstone Brooklyn and effectively unbuildable inside a historic district; a shareholder-owned lot beside the building is a genuine differentiator and a recurring line of income on the corporation's books.
The conversion paperwork is more interesting than most. The 1982 plan was a non-eviction offering — the reform-era standard, with explicit protection for rent-controlled and rent-stabilized tenants, eligible senior citizens and eligible disabled persons — and it was structured as a tax-free exchange under Section 351 of the Internal Revenue Code. The sponsor transferred title in return for shares and a purchase-money third mortgage rather than for cash, which means the corporation took the sponsor's low tax basis with the building. The plan flagged this as a special risk at the time: a sale of the entire property by the corporation would carry a larger capital-gains exposure than if the co-op had simply bought the building. Four decades on, this is not a live issue for an apartment purchase, but it is the kind of structural fact a sophisticated buyer's attorney should see rather than discover.
Then there is the share ledger. The corporation issued 205 shares total across 59 apartments. Most co-ops of this size run into the thousands of shares, and the fine granularity is what makes per-share fees and maintenance allocations behave predictably. At 205 shares, each share carries a great deal of value and the rounding is coarse. Nothing about that is a defect — it simply means every share-denominated number in a deal here needs to be read carefully rather than assumed.
Architecture and unit composition
The building sits on a 66-by-132-foot lot, ten stories and a cellar of fireproof masonry construction, classified as a Class A "New Law" multiple dwelling, with a certificate of occupancy on file since June 1963. It runs one automatic passenger elevator and one manual freight elevator — a service arrangement that was already old-fashioned by the time of the conversion and that shapes how moves and deliveries are handled today.
The 59 apartments follow the late-1920s Brooklyn elevator-building pattern: entry foyers, separated living and sleeping rooms, and unit sizes weighted toward one- and two-bedrooms. Because the building is roughly double the height of its neighbors, exposure and floor drive the inventory more sharply than in the district's six-story stock — the top floors face open sky in every direction, the lower floors face brownstone rear yards and the Lincoln Place streetwall. Windows and any other exterior alteration pass through the Landmarks Preservation Commission under the district designation.
Building operations
209 Lincoln Place Housing Corp. has run the building since the June 1983 closing. The conversion budget projected a payroll of two service employees against a resident superintendent's apartment, an elevator service contract, and a leased coin laundry — three washing machines and two dryers at the time. That is the operating shape of the building still: a modest staff, a maintained physical plant and no doorman.
Two revenue lines beyond maintenance appear in the corporation's original budget and remain worth examining today: laundry income under a service contract, and rental of the fourteen parking spaces. Parking income at contemporary Park Slope rates is a meaningfully different number than the $25 per month the 1982 plan projected, and how the board prices and allocates those spaces — waitlist, shareholder priority, market rent — is a fair question for any prospective buyer. The Roebling Research Library holds the corporation's financial statements from the conversion era forward, which supports trend analysis on maintenance growth, reserve levels and assessment history.
For a masonry building of this height and age, the recurring capital items are the ones to underwrite: FISP/Local Law 11 façade cycles at ten stories are materially more expensive than at six; elevator modernization; roof, parapet and riser work. Ask for the current capital plan, the last FISP filing and the elevator's modernization history.
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Nov 10, 2025 | 2A | $1,400,000 |
| Aug 6, 2025 | 6C | $780,000 |
| Aug 22, 2024 | 8A | $740,000 |
| Apr 27, 2023 | 3D | $899,000 |
| Jul 22, 2022 | 1G | $627,500 |
| Sep 7, 2021 | 2C | $685,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01059-0061) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What to know if you’re buying
Buy the floor. In a ten-story building on a four-story block, elevation is the asset. Confirm the outlook from the actual apartment at the actual hour you care about, and price the difference between floor three and floor nine deliberately.
Ask about the parking lot. Fourteen spaces on the adjoining co-op-owned lot. Establish whether a space conveys, what the waitlist looks like, what the current charge is, and how the board treats the income.
Read the share allocation. With 205 shares issued across 59 apartments, every share-denominated figure deserves a second look — maintenance per share, any per-share fee, and how the apartment's allocation compares with peers of similar size.
Underwrite ten stories of façade. FISP cycles, elevator modernization and roof work at this height cost more than the district's six-story norm. Review the capital plan and assessment history before you set your number.
Get the current policies in writing. Sublet rules, pets and financing standards all postdate the 1982 plan documents; management's current answers are the ones that bind you.
What to know if you’re selling
Lead with the outlook. Photograph the view and state the floor in the first line. That is the building's structural advantage over every six-story competitor between Seventh and Eighth Avenues.
Put the parking in the listing. A co-op-owned fourteen-car lot beside the building is a fact no other Lincoln Place listing can write. Confirm the space's status first, then market it.
Comp by floor, not by building. Averaging the building's sales across ten floors understates an upper-floor apartment and overstates a lower one. Use same-floor and same-exposure comparables from 2025 forward.
Assemble the corporation's record early. A long, continuous financial history from the conversion forward is an underwriting asset with both boards and lenders; have it ready when the buyer's bank asks.
Comparable buildings
If you're considering 209 Lincoln Place, also evaluate:
- 225 Lincoln Place — the six-story 1920s co-op a few doors east on the same block; the low-rise alternative with a documented flip tax
- 235 Lincoln Place — 1937 co-op on the same block; the later interwar alternative
- 220 Berkeley Place — the 1955 postwar co-op one block south; different plan logic, stricter pet rule
- 140 8th Avenue — the 1936 Art Deco co-op at Carroll Street; the district's largest interwar building
- 39 Plaza Street West — 1927 fourteen-story co-op on Grand Army Plaza, inside the 2016 Extension II; the closest tall-prewar peer
- 35 Prospect Park West — 1929 eighteen-story park-front co-op outside the district; the height-and-view alternative
- 50 Plaza Street East — 1925 twelve-story co-op on Grand Army Plaza
- 10 Plaza Street East — 1959 fifteen-story co-op on the Plaza; the postwar full-service alternative
- 343 4th Avenue — the 2006 Fourth Avenue condominium; condominium ownership and garage parking in the same neighborhood
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at 209 Lincoln Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 209 Lincoln Place would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.