Fuzaylov Family Purchases Mixed-Use Property From Aaronson Family For $1.29M In Brooklyn

This mixed-use property located at 2066 Flatbush Avenue in Brooklyn features 3,160 square feet of space and was sold for $1,290,000. The property includes 1,800 square feet of ground-floor retail space secured by a 10-year lease with 3% annual rent increases. The renovated retail area also provides a fully operational basement for storage and utilities, along with two two-bedroom apartments that offer potential for increased rental income.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,290,000
• Square Footage: 3,160
• Price Per Square Foot: $408
• Buyer: Fuzaylov Family
• Seller: Aaronson Family
• Broker: Isaac Matayev - Asset CRG Advisors
• Lease Terms: 10-year lease with 3% annual rent increases

Isaac Matayev from Asset CRG Advisors facilitated this transaction, representing the buyer and ensuring a smooth process. Asset CRG Advisors is currently marketing several other development sites in the boroughs, indicating their continued involvement in the real estate market.