Ashkenazy Acquisition sells East Flatbush retail for $2.8M

An anonymous buyer through the entity 1620 Ralph Avenue Owner LLC paid Ashkenazy Acquisition Corp.’s Ralph Avenue LLC $2.8 million for 1610 Ralph Avenue in East Flatbush. The deal closed on July 15, 2020, and was recorded on July 21, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 7,672 square feet. The parcel(s) have total development potential of 15,672 square feet.
The average sale price per square foot is $179. The signatory for the seller was Ben Ashkenazy.

The contract date was July 1, 2020. Ashkenazy acquired the property in 2004 for $1.14 million.

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