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384 Hancock Street

Natalie Wong Purchases Multifamily Asset At 384 Hancock Street From Kevin Abi For $2.975M
SOLDMultiFamily

Natalie Wong Purchases Multifamily Asset At 384 Hancock Street From Kevin Abi For $2.975M

384 Hancock Street

$2,975,000

$779/SF

Building Size

3,816 SF

Asset Type

MultiFamily

Closing

Sep 7, 2025

AI

The transaction involved a multifamily asset located at 384 Hancock Street in the Brooklyn market. It was sold for a total amount of $2,975,000, comprising 2 units and encompassing a total square footage of 3,816, with a price per unit of $1,487,500 and a price per square foot of $779.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,975,000
  • Units: 2
  • Square Feet: 3,816
  • Price per Unit: $1,487,500
  • Price per Square Foot: $779
  • Buyer: Natalie Wong
  • Seller: Kevin Abi
  • Brokers: Afik Even & Sarig Brand
  • Date of Transaction: 9/8/2025

Afik Even and Sarig Brand facilitated this transaction representing both the buyer and seller, highlighting their role in achieving a sale at $100,000 above the asking price and completing the deal at an impressive speed.

Players

Sarig Brand

Broker

$51M

vol

19 deals

Broker

Kevin Abihssira

Seller

$4.9M

vol

3 deals

Seller

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

5.33%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93