Updated Mar 29, 2026
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Square Footage: 34,538
- Price Per Square Foot: $150
- Seller: Peter Wein
- Brokers: Shaun Riney, Seth Glasser, Daniel Greenblatt & Andrew Bronsteen - Marcus & Millichap
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
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93