Shaker Altayya Acquires 3101-3111 Church Avenue Retail Property From David Klein For $3.5M
3101 Church Avenue & 3111 Church Avenue
$3,500,000
$479/SF
Building Size
7,300 SF
Asset Type
Retail
Closing
Feb 27, 2026
AI
The retail asset located at 3101-3111 Church Avenue in East Flatbush, Brooklyn, consists of a total square footage of 3,650. This property was sold for a transaction amount of $3,500,000, with a price per square foot of $959.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 3,650
- Address: 3101-3111 Church Avenue
- Market: East Flatbush, Brooklyn
- Buyer: Shaker Altayya
- Seller: David Klein
Shaker Altayya acquired the property through 3101-3111 Church Ave LLC, completing the purchase from seller David Klein on February 27, 2026.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93