Porez Luxuma Acquires Retail Property In East Flatbush For $3.22M

Located in East Flatbush, Brooklyn, the property at 4113-4123 Avenue D is a 9,000 square foot single-story corner retail building. Previously leased to Walgreens, the asset was recently sold for $3,220,000, equating to a price per square foot of $358. The transaction took place on June 17, 2024, with Porez Luxuma acquiring the property from Alex Weiss.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,220,000
• Buyer: Porez Luxuma
• Seller: Alex Weiss
• Brokers: Scott Plasky & Alexander Arustamian - Marcus & Millichap; Halyna Chyrva - iHome Realty Group
• Address: 4113-4123 Avenue D, East Flatbush, Brooklyn

Scott Plasky and Alexander Arustamian from Marcus & Millichap, together with Halyna Chyrva from iHome Realty Group, represented the parties involved in this successful transaction. The 9,000 square foot property, formerly leased to Walgreens, was delivered vacant at the time of closing, presenting a lucrative investment opportunity for the new owner, Porez Luxuma.