Ari Merehbi Acquires Retail Property On Avenue U In Brooklyn For $10.3M

The retail property located at 2022 Avenue U in Brooklyn's Sheepshead Bay neighborhood has been sold in a recent transaction. The property spans 6,000 square feet and was sold for a price of $10,300,000. The asking price for the property was $10,750,000, indicating a successful negotiation. With a price per square foot of $1,716, it demonstrates the value attached to this retail asset.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $10,300,000
• Address: 2022 Avenue U, Brooklyn, Sheepshead Bay
• Market: Brooklyn, Sheepshead Bay
• Square Footage: 6,000

The seller of the property was Isaac Chera, representing Crown Acquisitions. On the other hand, the buyer was Ari Merehbi. Haskel Shabai acted as the seller's representative in the deal, while Nathan Elmekies and Isaac Mograby, also from Crown Acquisitions, represented the buyer. These individuals played key roles in facilitating the successful sale of this retail property in Brooklyn.