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186 Prospect Place

Peter Wein Sells Multifamily Asset At 186 Prospect Place Brooklyn For $5.2M With Marcus & Millichap
SOLDMultiFamily

Peter Wein Sells Multifamily Asset At 186 Prospect Place Brooklyn For $5.2M With Marcus & Millichap

186 Prospect Place

$5,200,000

$150/SF

Building Size

34,538 SF

Asset Type

MultiFamily

Closing

Mar 17, 2026

AI

A multifamily asset located at 186 Prospect Place in Brooklyn has been sold. The transaction, which was concluded off market, involved a sale price of $5,200,000. The property comprises 34,538 square feet, amounting to a price per square foot of $150.

Summary of transaction details:

The property features a 36-unit elevator located in Prospect Heights. The brokers representing the seller in this transaction managed to facilitate the sale with minimal calls and communication. Special recognition is extended to Zachary Goldberg of Goldberg Law for providing legal counsel throughout the deal.

Players

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

363 deals

Broker

Peter Weinstein

Seller

$13.5M

vol

3 deals

Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93