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

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.