Mohammad Ryhat Acquires Retail Property On Atlantic Avenue For $800K

A 2,100 square foot corner retail building located at 2932 Atlantic Avenue in East New York, Brooklyn has been sold for $800,000. The property is part of the 2016 rezoning of Atlantic Avenue, allowing for air rights of approximately 10,500 square feet. The sale price equates to a price per square foot of $381.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $800,000
• Square Footage: 2,100
• Address: 2932 Atlantic Avenue
• Market: East New York, Brooklyn

Mohammad Ryhat has purchased the property from Tito Cacavo. The transaction was facilitated by broker William Diana of Cushman & Wakefield.

For further inquiries about this transaction or to determine the value of your own property, please contact William Diana at [email protected] or 718.512.2622.