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3101 Church Avenue

Shaker Altayya Acquires Retail Asset In Flatbush Brooklyn From David Klein For $3.5M
SOLDRetail

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

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.

Players

David Kleiner

Seller

$7M

vol

15 deals

Seller

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