Akiva Retek Purchases Retail Property At 245 Nostrand Avenue Brooklyn For $725000 From Urban View Development

The property sold is a retail asset located at 245 Nostrand Avenue in the Brooklyn market. The transaction was finalized for a sale price of $725,000. The asset encompasses a total area of 2,000 square feet, translating to a price per square foot of $362.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $725,000
• Address: 245 Nostrand Avenue
• Market: Brooklyn
• Square Footage: 2,000
• Price Per Square Foot: $362
• Buyer: Akiva Retek
• Seller: Urban View Development
• Brokers: Joseph DiPiazza, John Le Vine & David Quigua - EXR

EXR is active in the Brooklyn retail condo market and has recently completed its second transaction in the last 90 days, totaling over 10,000 square feet sold for more than $3.5 million. The firm is preparing to list additional retail condos for sale shortly.