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212 Lincoln Road

Soiti Anderson Acquires Multifamily Property At 212 Lincoln Road Brooklyn For $1.9M
SOLDMultiFamily

Soiti Anderson Acquires Multifamily Property At 212 Lincoln Road Brooklyn For $1.9M

212 Lincoln Road

$1,900,000

$655/SF

Building Size

2,900 SF

Asset Type

MultiFamily

Closing

Apr 11, 2026

AI

The multifamily asset located at 212 Lincoln Road in Brooklyn was sold for $1,900,000. The property comprises 2 units, providing a price per unit of $950,000. It spans a total of 2,900 square feet, resulting in a price per square foot of $655.

Summary of transaction details:

Mark Berchin, David Malkoukian, and Jonathan Anobian represented the seller in this transaction. Their strategic marketing approach and extensive buyer outreach contributed to achieving a record-setting sale within the neighborhood, reflecting the effectiveness of their negotiation skills.

Players

David Malkoukian

Douglas Elliman

Broker

$7.2M

vol

4 deals

Broker

Market 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93