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
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