Updated Sep 11, 2026
Aiman Khan Of CRG Realty Investments Purchases 885 Pacific Street Brooklyn Multifamily For $2.156M
885 Pacific Street
$2,156,000
$738/SF
Building Size
2,920 SF
Asset Type
MultiFamily
Closing
Aug 24, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 885 Pacific Street in the Brooklyn market. The sale price of the asset was $2,156,000, comprising 2 units within a square footage of 2,920, resulting in a price per unit of $1,078,000 and a price per square foot of $738.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,156,000
- Address: 885 Pacific Street
- Market: Brooklyn
- Units: 2
- Square Footage: 2,920
- Price per Unit: $1,078,000
- Price per Square Foot: $738
- Buyer: Aiman Khan - CRG Realty Investments
- Seller: Marie Y Louis Lubin Irrevocable Living Trust
- Broker: Lionel E Leconte - East Coast Realty Partners & LLC
- Buyer's Attorney: Lowrance Fisher & Esq. - Fisher Stone PC
The transaction bring together key individuals and firms in the real estate industry, with Aiman Khan representing the buyer's interest through CRG Realty Investments. The seller, Marie Y Louis Lubin Irrevocable Living Trust, was represented in this transaction, which involved legal guidance from Lowrance Fisher & Esq. of Fisher Stone PC, ensuring compliance and due diligence throughout the process.
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
7.36%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93