Aiman Khan Purchases Brooklyn Multifamily Asset From Minnie Street For $999000 With Anthony L. Morris As Buyer's Representative
739 Pennsylvania Avenue
$999,000
$211/SF
Building Size
4,725 SF
Asset Type
MultiFamily
Closing
Jun 16, 2025
AI
The asset involved in this transaction is a multifamily property located at 739 Pennsylvania Avenue in Brooklyn. The sale price was $999,000, comprising six units with a price per unit of $166,500. The total square footage of the property is 4,725, resulting in a price per square foot of $211.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $999,000
- Units: 6
- Price Per Unit: $166,500
- Square Footage: 4,725
- Price Per Square Foot: $211
- Buyer: Aiman Khan
- Seller: Minnie Street
- Buyer's Representative: Anthony L. Morris - The Corcoran Group
- Buyer's Attorney: Izidor Mikhli - The Law Office of Izidor Mikhli, PLLC
- Seller's Attorney: Andrew Luftig - Chaves Perlowitz Luftig LLP
This transaction was finalized on June 17, 2025. The deal involved key representatives, including Anthony L. Morris of The Corcoran Group, who represented the buyer throughout the process, while staff from Chaves Perlowitz Luftig LLP represented the seller's interests.
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
15.88%
Cash-on-Cash
-4.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93