G-Way Management Acquires Mixed-Use Building In Brooklyn Flatbush For $950,000

A mixed-use property located at 1393 Flatbush Avenue in Brooklyn's Flatbush neighborhood has been sold in a closed transaction. The property, spanning 3,360 square feet, was initially listed for $1,200,000. However, it was eventually sold for a price of $950,000, indicating a significant reduction from the asking price. The sale price translates to approximately $282 per square foot, reflecting the value of the property in the market.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $950,000
• Address: 1393 Flatbush Avenue
• Market: Brooklyn, Flatbush
• Square Footage: 3,360

George Mangui acted as the seller in this transaction, while G-Way Management, represented by Ami Ariel, emerged as the buyer. The deal was facilitated by real estate broker Shawn Sadaghati.