The Abraham Lincoln (61 Eastern Parkway)

The building is 100 feet wide on the parkway and 107 feet deep, on a lot 127 feet deep. Listing records describe a marble 1930s lobby and a garden reached through the lobby. A 2021 DOB filing covers repairs to the garden's masonry retaining wall and the front steps.

Schedule A of the plan shows seven apartments on a typical floor, from three-room, one-bath lines up to seven-room, two-bath lines, with one eight-room apartment. The 1983 room counts put the larger lines at six and seven rooms with two baths. For a parkway building of this size, that is a high share of family-sized apartments. DOB filings show steady apartment renovation, mostly kitchens and baths, and the 2008 combination of 6A and 6B.

The ground floor has changed use. At conversion, several first-floor apartments were being used as professional offices even though the certificate of occupancy designated them residential, and the plan warned purchasers about it. A 2011 application to turn the first-floor medical offices into two apartments was disapproved. A 2016 application to convert them into one apartment was approved, and the amended certificate of occupancy was issued in 2019.

Underlying mortgage. In December 2021 the corporation recorded a $1.75 million first mortgage and a $500,000 credit line with National Cooperative Bank, replacing loans held by New York Community Bank since 2013. The rate and maturity are not in the documents on file. Ask for them, and ask how much of the line has been drawn.

Façade. Local Law 11, the city's Façade Inspection Safety Program, requires periodic inspections of taller buildings. Reports use three ratings: safe; "safe with a repair and maintenance program" (SWARMP), meaning conditions to fix within the cycle; and unsafe. The Cycle 9 initial report, filed October 2022, rated the building SWARMP. DOB NOW shows a façade repair permit and sidewalk shed in 2023 and outriggers for façade work that December. A subsequent report filed November 2024 rated the building safe, which closed out the cycle's repairs.

Heating plant. In 2000 the building replaced a 3,000-gallon fuel-oil tank with a 2,000-gallon aboveground tank. In 2023 it installed a new chimney liner and extension, work that often goes with a boiler or fuel change. Confirm the current fuel and the age of the boiler.

J-51 history. J-51 is a city tax benefit for rehabilitation, credited as an abatement of part of the certified cost against taxes. DOF records three grants on this lot, none active:

• 1982: A 90 percent abatement on $53,300 of certified cost. Credits ended in the 1992 tax year.
• 1986: A 90 percent abatement on $33,000 of certified cost. Credits ended in the 1996 tax year.
• 2013 benefit start: A 90 percent abatement on $37,060 of certified cost, credited at about $3,088 a year. The final credit was applied in the 2024 tax year.

Primary-residence shareholders receive the city's co-op/condo abatement.

• Sales: Board consent and a board interview are required. The purchase application asks for a notarized net-worth statement, two years of tax returns, a lender commitment letter and a recognition agreement.
• Financing: The application form assumes 20 percent down. Confirm whether the board will go lower.
• Subletting: Board consent is required. Sublet fees are charged. Under the plan, apartments held by the holder of unsold shares may be sublet without board consent.
• Pets: Written board approval is required before any pet moves in.
• Alterations: Written board approval is required before work starts.
• Flip tax, pied-à-terre, guarantors, trust/LLC purchases: Not documented. Confirm with the managing agent.

Recent sales

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01179-0085) 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.

Ask about the sponsor position. Get the current number of apartments held by 61 Eastern Parkway LLC, whether it is current on maintenance, and whether any of its apartments are still rent-regulated. A small residual block is manageable. It still matters for lenders and for the vote count.

Get the 2021 loan terms. Balance, rate, maturity and prepayment terms, plus any draw on the $500,000 line.

Confirm the fuel and boiler. The 2023 chimney work suggests a plant change. Find out what was done and what was paid for it.

Check the certificate of occupancy for any first-floor apartment. The ground floor's history as professional space means the certificate matters. The 2019 amendment should cover the converted unit.

Lead with the parkway and the plan. Six- and seven-room lines with two baths are uncommon in prewar Prospect Heights. Market room count and the parkway frontage.

Have the capital answers ready. A safe Cycle 9 façade rating and a 2021 refinancing are clean answers. Put them in the package.

State the sponsor position accurately. Buyers' attorneys will ask. Get the figure from the managing agent before listing.

If you're considering The Abraham Lincoln, also evaluate:

• 41 Eastern Parkway: a 1926 co-op at the Grand Army Plaza end of the same blockfront, converted in 1983
• The Theodore Roosevelt (125 Eastern Parkway): a 1923 six-story co-op on the same block, converted in 1985–86
• 135 Eastern Parkway (Turner Towers): the block's 15-story, 186-apartment tower. The large-building alternative
• 175 Eastern Parkway: a 1922 co-op at the Washington Avenue end of the blockfront
• The Woodrow Wilson (255 Eastern Parkway): a 1924 Shampan & Shampan co-op farther east on the parkway
• 225 Eastern Parkway (The Traymore): a mid-size parkway co-op east of Washington Avenue
• 50 Plaza Street East: a 1925 co-op on the Grand Army Plaza arc, a short walk west
• 230 Park Place: an elevator co-op inside the historic district, from the same sponsor group's portfolio