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Avi Vizel Acquires Retail Property In Canarsie, Brooklyn For $1.3M

8610 Flatlands Avenue
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This Retail property located in NY was sold for $1,335,000 almost 3 years ago. The broker of the deal was John Barney

The retail property located at 8610 Flatlands Ave in Canarsie, Brooklyn has been sold for a price of $1,335,000. The transaction took place on April 28, 2021 and the property spans a total area of 3,552 square feet. With a price per square foot of $375, the property offers a 6% capitalization rate. The buyer of the property is Avi Vizel, while the seller is Emanuel Cohen. The sale was facilitated by John Barney of B6 Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,335,000
  • Square Footage: 3,552 SF
  • Price Per Square Foot: $375
  • Capitalization Rate: 6%
  • Buyer: Avi Vizel
  • Seller: Emanuel Cohen
  • Broker: John Barney - B6 Real Estate

John Barney of B6 Real Estate played a crucial role as the broker in this transaction. The deal brought together Avi Vizel as the buyer and Emanuel Cohen as the seller. The property at 8610 Flatlands Ave offers a desirable opportunity for retail investment in the Canarsie, Brooklyn market.

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Deals
  • Location
    8610 Flatlands Avenue, Brooklyn, NY 112368610 Flatlands Avenue, Brooklyn, NY 11236
  • Sale Price
    $1,335,000$1,335,000
    $375 PPSF$375 PPSF
  • Area
    3,552 SF3,552 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

John Barney

John Barney

Deals21
Financed$83.9M

Agency

Weber Frank Real Estate

Weber Frank Real Estate

Agency
Deals38
Volume$190.9M

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Deal Summary

SALE IMAGE: John Barney DATE: 04/28/2021 ADDRESS: 8610 Flatlands Ave. MARKET: Canarsie, Brooklyn ASSET TYPE: Retail BUYER: Avi Vizel SELLER: Emanuel Cohen BROKER: John Barney (@JohnBarney35) @B6RealEstate SALE PRICE: $1,335,000 SF: 3,552 ~ PPSF: $375 CAP: 6%

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8610 Flatlands Avenue

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