Updated Mar 16, 2026
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
About this deal
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.
On the Map
$2,650,000
$680/SF
MultiFamily
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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