Hung Yuen Holdings pays $3.5M for retail in Flatlands

Hung Yuen Holdings through the entity Hung Yuen Holdings, Inc. paid $3.5 million to Doherty Family Realty for the retail building (K7) at 2195 Flatbush Avenue in Flatlands, Brooklyn. The expected use is cash flowing.
The deal closed on July 24, 2026 and was recorded on August 11, 2026. The property has 2,560 square feet of built space and 7,736 square feet of additional air rights for a total buildable of 10,361 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,367 and the price per buildable square foot is $337 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Doherty Family Realty was Catherine Doherty and James Doherty Jr., and others. The signatory for Hung Yuen Holdings was Nicholas Ryan Huang . The contract date was July 24, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Hung Yuen Holdings had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Doherty Family Realty had not purchased any other properties and had not sold any properties over the same time period. The 2,560-square-foot property generated revenue of $510,866 or $200 per square foot, according to the most recent income and expense figures.

The property

The retail building in Flatlands has 2,560 square feet of built space and 7,736 square feet of additional air rights for a total buildable of 10,361 square feet according to a PincusCo analysis of city data. The parcel has frontage of 103 feet and is 100 feet deep with a total lot size of 13,815 square feet. The lot is irregular. The zoning is R3-2 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $3.7 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on November 7, 2014. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Flatlands, The bulk, or 35 percent of the 6.3 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 19 percent of the space. In sales, Flatlands has the 41st highest sale turnover among other neighborhoods in Brooklyn with $53.8 million in sales volume in the last two years. For development, Flatlands has had very little major development activity relative to other neighborhoods.It had 80,370 square feet of commercial and multi-family construction under development in the last two years, which represents 1 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the 12 commercial properties representing 2,200 square feet of the 24,980 square feet. The two identified owners are John Battista Notaro and Consolidated Edison .
There are no active new building construction projects on this tax block.

The majority, or 77 percent of the 24,980 square feet of built space are mixed-use buildings, with office buildings next occupying 12 percent of the space.

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