David Koptiev Of Platinum Realty Associates Acquires Retail Building In Flatbush For $4.5M
2281 Church Avenue
$4,500,000
$380/SF
Building Size
11,828 SF
Asset Type
Retail
Closing
Oct 14, 2026
About this deal
AI
A retail building located at 2281 Church Avenue in Flatbush, Brooklyn, has been sold for $4.5 million. The asset spans 11,828 square feet, translating to a price per square foot of $380. The total building square footage is reported to be 25,152, resulting in a price per built square foot of $179.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Buyer: David Koptiev
- Agency: Platinum Realty Associates
- Sale Date: 10/14/2026
- Market: Flatbush, Brooklyn
- SF: 11,828
- PPSF: $380
- BSF: 25,152
- PPBSF: $179
This transaction was executed through a Chapter 7 bankruptcy sale, allowing Platinum Realty Associates to acquire the property under unique circumstances within the real estate market.
On the Map
$4,500,000
$380/SF
Retail
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Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93