Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Sells Corner Mixed-Use Building in Flatbush

09/11/2015

A mixed-use building at 1902 Church Avenue, located on the southeast corner of Church Avenue and East 19th Street in Brooklyn’s Flatbush neighborhood, was sold in an all-cash transaction valued at $3,300,000.

The three-story building contains approximately 9,250 square feet and features 35’ of frontage on Church Avenue. The unit mix consists of nine rent stabilized apartments and three commercial units. The sale price equates to approximately $357 per square foot.

The property is located just one block from the Church Avenue B/Q train station, which provides express access to Downtown Brooklyn and Manhattan.

“1902 Church Avenue is well situated in an emerging section of Flatbush, which allowed the seller to take advantage of high market conditions, and the buyer to benefit from long-term growth,” said Cushman & Wakefield’s Richard Velotta, who exclusively handled this transaction.

09/11/2015 - 14:30

Source

Cushman & Wakefield Capital Markets Group New York

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