Naomi Lebovits & George Lebovits Acquire Retail Property On Nostrand Avenue, Flatlands, Brooklyn For $11M

Located in the Flatlands neighborhood of Brooklyn, the retail property at 2577 Nostrand Avenue was recently sold in a closed transaction. The transaction took place on February 28, 2023, and the property was purchased for a total price of $11,000,000. With a building square footage of 16,000 and a price per square foot of $688, this retail asset offers a great investment opportunity in the bustling neighborhood of Flatlands.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $11,000,000
• Address: 2577 Nostrand Avenue
• Market: Flatlands, Brooklyn

The buyers in this transaction are Naomi Lebovits and George Lebovits, while the sellers are George L. Malin and William N. Weidman. Both the buyers and sellers were represented by their respective brokers in this deal.

With a building square footage of 16,000 and a price per square foot of $688, this retail property presents an opportunity for the buyers to generate substantial returns on their investment. The transaction price of $11,000,000 reflects the attractiveness of this asset in the Flatlands market. The buyers and sellers, along with their representatives, made this successful transaction happen.