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Shaker Altayya Acquires Retail Asset In Flatbush Brooklyn From David Klein For $3.5M
SOLD
$3,500,000
New York
See Similar DealsRetail3,650 SF
Sold 02/27/2026
SOLD
Shaker Altayya Acquires Retail Asset In Flatbush Brooklyn From David Klein For $3.5M
3101 Church Avenue
See Similar DealsRetail3,650 SF
Sold 02/27/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$958
Total Square Footage:3,650 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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