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739 Pennsylvania Avenue

Aiman Khan Purchases Brooklyn Multifamily Asset From Minnie Street For $999000 With Anthony L. Morris As Buyer's Representative
SOLDMultiFamily

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

Anthony L. Morris

The Corcoran Group

Broker

$6.7M

vol

6 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

Brooklyn 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

15.88%

Cash-on-Cash

-4.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93