235 Lincoln Place
235 Lincoln Place, Brooklyn, NY 11217
Park Slope, Brooklyn
BBL 3010590050 · BIN 3024463
- Year built
- 1937
- Type
- Cooperative
- Units
- 47
- Floors
- 6
- Landmark
- Designated
- Subletting
- Board consent required under the proprietary lease; term limits and any sublet fee not documented
- Pets
- No bird or animal without the corporation's written, revocable permission; animals carried or leashed in elevators and public portions (house rules as filed with the 1979 plan)
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2018-05 (smoking); 1979 plan as filed (pets/sublet)). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
235 Lincoln Place is a Depression building on a boom-era block. Lincoln Place between Seventh and Eighth Avenues filled in twice — first with 1880s brownstones, then with a run of apartment houses that arrived between 1923 and 1928 as Park Slope absorbed the subway. By 1937, that wave was long over and almost nothing new was going up anywhere in the neighborhood. This building went up anyway, on a 102-foot frontage, and it is the youngest full-scale prewar apartment house on the block.
What that late date bought is a building designed to look older than it is. Charles Kreymborg gave it a flat red-brick front with a single limestone band and put all the ornament at the door: an arched opening with a fanlight and four applied white columns, lifted from the Colonial Williamsburg restoration that was then reshaping American ideas about what "Colonial" meant. The LPC's district file calls the style neo-Federal. On a block where the 1920s buildings announce themselves with Federal Revival brickwork and the brownstones announce themselves with stoops, this one reads as deliberately quiet — which is why buyers routinely walk past it and date it thirty years earlier than the record does.
Behind that front the building is thoroughly of 1937. The windows are steel casements, not double-hung sash, and they are still there — the original units, with slate sills on the courts and limestone sills on Lincoln Place. Casements crank outward, so every room opens fully rather than halfway, and the sightlines are wider than a sash window of the same opening. They are also, inside a historic district, the single most expensive thing about the building. Any replacement program at this address needs Landmarks approval as well as a Department of Buildings permit, and the LPC's expectations for a designated 1937 casement building are not the same as its expectations for a rowhouse. Ask what the board's current position on windows is before you buy, and ask again before you renovate.
The conversion is early by Park Slope standards. Stanley Gallant and Jack Sternklar bought the property from Rapter Realty Corp. in December 1978, offered the plan the following April, and closed title to the housing corporation in December 1979 — ahead of most of the block, and ahead of their own conversion of 220 Berkeley Place in 1981. The plan they filed was a voluntary, non-eviction offering against a heavily regulated tenancy: 21 rent-controlled apartments, 25 rent-stabilized, one superintendent's unit held back and one decontrolled professional apartment. The sponsors held fourteen apartments as late as 1986 and were still winding down unsold shares into the 1990s, which is the ordinary shape of an early-1980s Brooklyn conversion and explains why the corporation's share ledger has been stable for a long time now.
The last thing to understand is the corporation's carrying-cost mechanic, because it surprises buyers. The board bills an annual assessment and credits an offsetting amount back to eligible shareholders — the assessment line and the cooperative-abatement line in the audited financials are equal and opposite, running about $53,000 to $59,000 a year in the mid-2010s. That is the New York City co-op and condo property tax abatement being passed through, not a capital assessment. A quoted "maintenance plus assessment" figure at this address therefore needs to be read against the abatement credit for the specific apartment, and a buyer who is not eligible for the abatement — a corporate or trust purchaser, or a non-primary-resident owner — is in a materially different position from one who is.
Architecture and unit composition
Six stories of face brick with masonry backup on a 13,668-square-foot lot, holding roughly 57,800 square feet — a built FAR near 4.2 where the block's R7B contextual zoning would allow 3.0 today. The first-floor slab is fireproof, with non-fireproof construction above and fireproof corridors, a common 1930s Brooklyn specification.
The 1979 plan lays out eight apartment lines, A through H, running one to six rooms. The A line carries five-room apartments on floors two through six, with the ground-floor A unit configured as the professional office and apartment; the C and E lines run five rooms; F and G run four; B and H run three; the D line runs two. That distribution puts most of the inventory in the one- and two-bedroom range with a meaningful minority of larger floor-throughs, and the value spread inside the building is driven by line, floor and renovation state rather than by view — this is a six-story building on a rowhouse block, so nothing here has an outlook to sell.
Interior finishes as inspected in 1979 were wood floors in the master rooms, plaster walls and ceilings, ceramic-tile baths with glazed-tile wainscot, stall showers in the smaller lines and tubs with shower bars in the larger ones. Heat is a cellar steam plant distributed by room convectors; there is no central air, and window units have always been the answer. There is a mail chute in the corridors and an incinerator closet with a slop sink on every floor — the incinerator itself was converted to a compactor under a 1972 building notice.
The practical constraint on the building is circulation. One passenger elevator, no freight car and no service entrance means every sofa, refrigerator and moving crew uses the front door and the single cab. Schedule accordingly and expect the superintendent to be involved.
Building operations
235 Lincoln Place Housing Corp. has run the building since the December 1979 closing, under professional management with a resident superintendent. Labor and related costs and real estate taxes are the two dominant lines in the budget, together running roughly 55 percent of general and administrative expense in recent audited years; there is no commercial income and no garage, so maintenance and the tax bill carry the building outright. Laundry produces a small, steady income line.
The corporation refinanced in June 2017, paying off a $1,500,000 National Cooperative Bank mortgage at 6.14 percent and a line of credit, and closing a $2,500,000 ten-year loan at 3.75 percent with a $1,000,000 line of credit. A $26,510 prepayment penalty was paid on the way out. That refinancing roughly doubled the corporation's debt and left it with cash on hand approaching $1 million at year-end 2017, which funded the capital program that followed. A buyer today should ask directly what has replaced that facility, since a ten-year term taken in 2017 matures inside any reasonable holding period.
Recent capital work documented in the financials runs to the envelope and the street: entrance replacement, sidewalk replacement, tree guards, LED lighting in the common areas, and architect and engineering fees against the same program. The corporation's governing documents do not require a funded reserve, and no reserve study has been performed — the auditors note the omission explicitly. That is not unusual for a building of this size, but it means the capital plan, the last FISP/Local Law 11 filing and the elevator's modernization history are the documents that actually tell you what is coming.
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 |
|---|---|---|
| Jul 9, 2025 | 5B | $900,000 |
| Jan 13, 2025 | 6G | $1,350,000 |
| Feb 28, 2024 | 5F | $1,250,000 |
| Nov 15, 2023 | 4G | $1,050,000 |
| Oct 13, 2022 | 3A | $1,425,000 |
| May 17, 2022 | 2H | $751,750 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01059-0050) 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
Read the smoking policy before anything else. It is the most specific and most recently documented rule in the building, it covers all common areas including the sidewalk at the door, and the board has said it weighs smoking status when reviewing applicants.
Underwrite the windows. Original 1937 steel casements inside a designated district are a maintenance and approvals problem as well as a feature. Ask what the board's replacement or restoration position is, what it has cost, and whether a program is pending.
Ask what replaced the 2017 mortgage. A $2,500,000 ten-year loan taken in June 2017 has already run its term. Get the current debt terms, the balance and the maturity date in writing.
Separate the abatement assessment from a capital assessment. The assessment line in this building has historically offset the co-op tax abatement pass-through. Confirm which you are being quoted, and confirm the specific apartment's abatement eligibility.
Plan the move. One passenger elevator, no freight car, no service entrance. Deliveries and moves run through the front door on the superintendent's schedule.
What to know if you’re selling
Lead with the casements and the entrance. The steel windows and the fanlighted Colonial Revival doorway are what distinguish this building from the 1920s apartment houses on the same block. Photograph both.
Correct the date. Buyers consistently read this building as 1920s. It is 1937, which means larger openings, a fireproof first-floor slab and a plan drawn after the neighborhood's rowhouse era had fully closed — say so in the first paragraph of the listing.
Disclose the smoking policy up front and put it in the contract. The board's own memo instructs shareholders to incorporate it into any sale or rental agreement.
Show the abatement math. A carrying-cost quote that nets the abatement credit against the assessment is a materially better number than the gross one, and it is defensible from the audited financials.
Assemble the capital record early. With no funded reserve and no reserve study, buyers and their attorneys will want the capital plan, the last FISP filing and the current mortgage terms. Having them ready shortens the deal.
Comparable buildings
If you're considering 235 Lincoln Place, also evaluate:
- 225 Lincoln Place — the wide 1923 Caughey & Evans co-op a few doors east on the same block, with a documented flip tax and sublet framework
- 209 Lincoln Place — the ten-story 1928 elevator co-op on the same block, with its own parking lot
- 220 Berkeley Place — the 1955 postwar co-op one block south, converted by the same two sponsors
- 140 8th Avenue — the 1936 Art Deco co-op at Carroll Street; the closest contemporary in the district
- 814 Carroll Street — 1950 co-op a few blocks south; the postwar alternative
- 39 Plaza Street West — Rosario Candela's 1926 tower on Grand Army Plaza; the full-service prewar alternative nearby
- 20 Plaza Street East — 1940 co-op on Grand Army Plaza; larger and more service-heavy
- 40 Prospect Park West — 1942 park-front co-op just outside the district line
- 343 4th Avenue — the 2006 Fourth Avenue condominium; the condo-ownership alternative 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 235 Lincoln Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
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A Private Pricing Opinion — what your apartment at 235 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.