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.
“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.
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Neighborhoods: Flatbush