Updated Aug 24, 2026
Aiman Khan Purchases MultiFamily Building From Dwight Reynolds For $1,900,000 In Brooklyn
681 Park Place
$1,900,000
$612/SF
Building Size
3,102 SF
Asset Type
MultiFamily
Closing
Aug 12, 2026
About this deal
AI
The property asset involved in the transaction is a MultiFamily building located at 681 Park Place in Brooklyn. It has a sale price of $1,900,000 and encompasses 3,102 square feet, resulting in a price per square foot of $612.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,900,000
- Address: 681 Park Place
- Market: Brooklyn
- Square Footage: 3,102
- Price Per Square Foot: $612
- Buyer: Aiman Khan
- Seller: Dwight Reynolds
The key individuals involved in the transaction are Aiman Khan as the buyer and Dwight Reynolds as the seller. Each party played a significant role in the completion of the sale, contributing to the overall success of 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93