Mohammed Mujalli pays $5.8M for mixed-use in Flatbush

Mohammed Mujalli through the entity 1701 LLC paid $5.8 million to Marvin Saka through the entity 1701 Corp for the mixed-use building (K4) at 1705 Church Avenue in Flatbush, Brooklyn, mixed-use building (K4) at 1703 Church Avenue in Flatbush, Brooklyn, and mixed-use building (K4) at 1701 Church Avenue in Flatbush, Brooklyn. The expected use is cash flowing.
The deal closed on March 25, 2026 and was recorded on April 6, 2026. The three properties have 12,177 square feet of built space and 13,363 square feet of additional air rights for a total buildable of 25,528 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $480 and the price per buildable square foot is $229 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 Marvin Saka was Clifford Schwartz . The signatory for Mohammed Mujalli was Mohammed Mujalli. The contract date was February 4, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Mohammed Mujalli had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Marvin Saka had not purchased any other properties and sold one property in one transaction for a total of $3 million over the same time period.

The property

The mixed-use building in Flatbush has 12,177 square feet of built space and 13,363 square feet of additional air rights for a total buildable of 25,528 square feet according to a PincusCo analysis of city data. The parcel has frontage of 21 feet and is 100 feet deep with a total lot size of 2,100 square feet. The lot is irregular. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $697,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $1,000 in OATH penalties in the last year.

Development

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 Flatbush, The majority, or 54 percent of the 37.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 22 percent of the space. In sales, Flatbush has 1.8 times the average sales volume among other neighborhoods with $605.9 million in sales volume in the last two years and is the 11th highest in Brooklyn. For development, Flatbush has had very little major development activity relative to other neighborhoods.It had 426,642 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 the tax block of 1705 Church Avenue, PincusCo has identified the owners of 14 of the 19 commercial properties representing 318,379 square feet of the 332,707 square feet. The largest owner is Mehmet Kalkan, followed by Larry Malitzky and then Shamah Properties.
There are no active new building construction projects on this tax block.

The majority, or 53 percent of the 332,707 square feet of built space are walkup buildings, with elevator buildings next occupying 39 percent of the space.

The seller

The PincusCo database currently indicates that Marvin Saka owned at least one commercial property in New York City with 4,059 square feet and a city-determined market value of $718,000. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single mixed-use property. It is located in Brooklyn.

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