Shaker Altayya Acquires Retail Asset In Flatbush Brooklyn From David Klein For $3.5M
3101 Church Avenue
$3,500,000
$958/SF
Building Size
3,650 SF
Asset Type
Retail
Closing
Feb 27, 2026
About this deal
AI
Shaker Altayya acquired a retail asset located at 3101 Church Avenue in Flatbush, Brooklyn, for a total of $3.5 million. The property encompasses an area of 3,650 sq ft, resulting in a price per sq ft of $959. The transaction was finalized on February 27, 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Sale Date: 02/27/2026
- Address: 3101 Church Avenue
- Market: Flatbush, Brooklyn
- Seller: David Klein
- Buyer: Shaker Altayya
- Square Footage: 3,650
- Price per Square Foot: $959
David Klein served as the seller in this transaction, while Shaker Altayya represented the buyer. The deal highlights the engagement of individuals in the retail real estate market within the Flatbush area of Brooklyn.
On the Map
$3,500,000
$958/SF
Retail
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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