1957 Flatbush Avenue Retail Property In Brooklyn Sold For $950,000

The property asset involved in the transaction is located at 1957 Flatbush Avenue, Brooklyn. It encompasses a two-story mixed-use building with a total area of approximately 2,712 square feet. The sale transaction was finalized at a price of $950,000, equating to $351 per square foot. The building consists of four units, which comprise two residential units and two ground floor vacant units. Built in 1931, the property features 18 feet of frontage and is situated close to the Brooklyn College–Flatbush Station on the subway.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $950,000.00
• Address: 1957 Flatbush Avenue
• Market: Brooklyn
• Square Footage: 2712
• Buyer's Representative: Ronnie Shaban-Kassin Sabbagh Realty
• Seller's Representative: Matthew Leist-Prime Real Estate Advisors
• Buyer: Unknown
• Seller: Unknown

In this transaction, Ronnie Shaban from Kassin Sabbagh Realty represented the buyer, while Matthew Leist from Prime Real Estate Advisors represented the seller. This involvement of experienced representatives highlights the professional facilitation of the deal, ensuring that both parties were supported throughout the transaction process.