Dave Khad Acquires Retail Property In Flatbush, Brooklyn For $1.4M

Located at 942 Flatbush Avenue Extension in the Flatbush neighborhood of Brooklyn, this retail property was recently sold. The transaction took place on August 15, 2023, and the property was purchased for a total of $1,400,000. Spanning 4,078 square feet, the property boasts a price per square foot (PPSF) of $343. The buyer in this deal was Dave Khad, while the seller was Steven Vincent. The brokers involved in the transaction were Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, and Kevin Schmitz from Ripco.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $1,400,000
• Square Footage: 4,078
• PPSF: $343
• Buyer: Dave Khad
• Seller: Steven Vincent
• Brokers: Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, Kevin Schmitz from Ripco

This transaction brought together an array of individuals and companies. Dave Khad acted as the buyer, while Steven Vincent was the seller. Representing the parties involved in this deal were brokers Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, and Kevin Schmitz, who are affiliated with Ripco. The sale of this retail property marks an important milestone in the Flatbush market, showcasing the expertise and professionalism of the parties involved.