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186 Lincoln Place

Forrest Zlochiver Acquires Multifamily Property At 186 Lincoln Place From Lee Levitt For $2.65M
SOLDMultiFamily

Forrest Zlochiver Acquires Multifamily Property At 186 Lincoln Place From Lee Levitt For $2.65M

186 Lincoln Place

$2,650,000

$680/SF

Building Size

3,894 SF

Asset Type

MultiFamily

Closing

Feb 26, 2026

AI

186 Lincoln Place is a multifamily property located in Brooklyn, with a total of 3,894 square feet and consisting of 8 units. The property was sold for $2,650,000, which equates to $680 per square foot and approximately $331,250 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Square Footage: 3,894
  • Price Per Square Foot: $680
  • Number of Units: 8
  • Price Per Unit: $331,250
  • Buyer: Forrest Zlochiver
  • Seller: Lee Levitt
  • Broker Representatives: Adam J Hess & Edward Setton - Sterling Property Group NY

Adam J Hess and Edward Setton represented the seller, Lee Levitt, in this transaction. The property is situated in Prime Park Slope, specifically between 7th Avenue and 8th Avenue.

Players

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93