Verv Capital And Chera Realty Acquires Educational Facility In East Flatbush For $5.3M

An educational facility located at 9102 Church Ave. and 9112 Church Avenue in East Flatbush has been sold for a price of $5,300,000. The facility spans 20,568 square feet, resulting in a price per square foot of $257. The sale was completed on March 23, 2022.

Summary of transaction details

• Property Type: Educational Facility
• Transaction Amount: $5,300,000
• Address: 9102 Church Ave. & 9112 Church Avenue, East Flatbush
• Market: East Flatbush

The buyer of the property is Verv Capital, represented by Edward Cohen, and Chera Realty, represented by Jeffrey Chera and Ralph Chera. The seller is Richard D Best. Ki Global Realty served as the broker for the transaction.

As per the buyer's note, Verv and Chera are actively searching for vacant or occupied schools, medical facilities, and community facility buildings throughout the five boroughs.