407 LINCOLN Road, New York City, NY 11225
Listing Courtesy of Corcoran Group
$1,995,000
Potential Rebate: $29,925
Overview
Nestled in the heart of Prospect Lefferts Gardens, this barrel-front two-family brick townhouse offers a perfect blend of space, comfort, and location. Boasting 3,300 square feet of living space spread across three floors, this home is a comfortable two family or a brilliant single home conversion. Built 20x56- the three oversized floors are spacious and welcoming with bay windows and approx. 2,250 square feet of air rights to build.<br> <br> The townhouse features two spacious units:<br> <br> <ul> <li>First-floor duplex: 2 bedroom and 2.5 bathroom home with a washer & dryer, private backyard, and two large living areas. The primary bedroom has an en-suite bathroom and bay windows. The second bedroom enjoys access to the covered porch with backyard access. Use the downstairs as an extension of your living room, with space for your home office, gym, or play space.</li> </ul> <ul> <li>Second-floor unit: This top floor unit has 3 bedrooms and 2 bathrooms. The living area faces southeast, creating a bright and welcoming atmosphere. Step out onto the private roof terrace, which is attached to the primary bedroom and faces northwest, offering stunning views and a serene spot to unwind.</li> </ul> Currently occupied until September 2025, contact us for current rent roll.<br> Renovated in 2023, with split systems and laundry in both units- this contemporary home is move-in ready with a multitude of uses.<br> Enjoy the convenience of being just steps away from the lush beauty of Prospect Park, with attractions like the Prospect Park Zoo, and local gems such as Hamlet Coffee Shop. Plus, with the Sterling Street 2 & 5 trains just 2 blocks away commuting is a breeze.
Home Features
- •Ductless
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
- •Washer Dryer Allowed
Estimated Monthly Payment
$10,434 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$29,925
Monthly savings impact
$83/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20047275
Price Analysis
Compare average listing prices and value metrics for 407 Lincoln Road against the surrounding Prospect Lefferts G market.
Average List Price
Price Per SqFt
68.08% Lower
than the Prospect Lefferts G price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Prospect Lefferts G
Overview of Prospect Lefferts Gardens
Prospect Lefferts Gardens (PLG) is the "best kept secret" that isn't a secret anymore. Located on the eastern side of Prospect Park, it features some of the most beautiful architecture in the city. For buyers seeking Prospect Lefferts Gardens Brooklyn real estate, it offers limestone mansions and pre-war granduer.
Living in PLG is grand. The historic district is stunning. As a Brooklyn NYC neighborhood, it offers Park Slope beauty at a discount (though that gap is closing).
Real Estate & Housing Market
The market for homes for sale in PLG includes limestone townhouses, detached vectorians, and large pre-war co-ops.
It is distinct for its "Lefferts Manor" covenant which restricts land use to single-family homes in certain areas.
Lifestyle & Community
The lifestyle in PLG is Caribbean-infused. Flatbush Avenue is lively with jerk chicken spots and bakeries.
The community is a vibrant mix of long-time Caribbean residents and young professionals.
Transportation & Accessibility
PLG is served by the B, Q, 2, and 5 trains. It has arguably the best express transit in Brooklyn.
Parks, Schools & Amenities
Prospect Park is the front yard. The LeFrak Center at Lakeside is right there.
Amenities: The food scene is growing, with hip cafes opening next to established roti shops.
Who This Neighborhood Is Best For
PLG is best for architecture buffs, families, and anyone who wants to live right on Prospect Park.
