Raymond Zaytoune Acquires Mixed-Use Property In Midwood For $2.53M

Located at 1311 Kings Highway, in the Midwood neighborhood of Brooklyn, this mixed-use property has recently been sold in a closed transaction. The property spans 3,700 square feet and consists of three units, making it an attractive investment opportunity in the area. The sale price for this property was $2,525,000, resulting in a price per square foot of $682. The buyer of this property is Raymond Zaytoune, while the seller is Mary Ann Chung. The transaction was facilitated by Denis Abayev from Carealty Inc.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $2,525,000
• Square Feet: 3,700
• Price per Square Foot: $682
• Units: 3
• Price per Unit: $841,666
• Seller: Mary Ann Chung
• Buyer: Raymond Zaytoune
• Broker: Denis Abayev - Carealty Inc

In addition to the mentioned details, it is worth noting that the ground floor retail space and the second-floor office were delivered vacant at the time of closing. This vacant space provides an opportunity for the new owner to customize and lease these areas as per their requirements.