Updated Jul 14, 2026
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Buyer: Soiti Anderson
- Seller: Patrick O'Conner
- Brokers: Mark Berchin, David Malkoukian & Jonathan Anobian - Douglas Elliman
- Date of Transaction: 4/12/2026
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.
On the Map
$1,900,000
$655/SF
MultiFamily
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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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93