Updated Jul 24, 2026
Aiman Khan Purchases 690 Hancock Street Multifamily Property From Karen Overton For $1,430,000
690 Hancock Street
$1,430,000
$536/SF
Building Size
2,666 SF
Asset Type
MultiFamily
Closing
Jun 1, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 690 Hancock Street, Brooklyn. The sale price was $1,430,000, involving 2 units at a price per unit of $715,000. The total square footage of the property is 2,666, resulting in a price per square foot of $536.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Buyer: Aiman Khan
- Seller: Karen Overton
- Units: 2
- Square Footage: 2,666
- Price Per Unit: $715,000
- Price Per Square Foot: $536
- Brokers: Jonathan Anobian & David Malkoukian - Douglas Elliman
The transaction was represented by brokers Jonathan Anobian and David Malkoukian of Douglas Elliman. They emphasized their approach, which begins long before reaching the closing table, focusing on strategic planning and understanding the market. They noted their commitment to serving as trusted advisors, highlighting the importance of thoughtful strategy and tailored service for each client's objectives.
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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93