Sadik Mann pays $3M for retail in Flatbush

Sadik Mann through the entity 1713 Church LLC paid $3 million to Marvin Saka through the entity 1713 Corp. for the retail building (K1) at 1713 Church Avenue in Flatbush, Brooklyn. The expected use is cash flowing.
The deal closed on October 10, 2025 and was recorded on October 24, 2025. The property has 4,600 square feet of built space and 16,620 square feet of additional air rights for a total buildable of 21,240 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $652 and the price per buildable square foot is $141 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 Marvin Saka. The signatory for Sadik Mann was Daniel Rabanipour . The contract date was April 10, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Sadik Mann 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 had not sold any properties over the same time period.

The property

The retail building in Flatbush has 4,600 square feet of built space and 16,620 square feet of additional air rights for a total buildable of 21,240 square feet according to a PincusCo analysis of city data. The parcel has frontage of 26 feet and is 113 feet deep with a total lot size of 5,310 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 $1.2 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 received $100 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 2 times the average sales volume among other neighborhoods with $591.7 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 826,092 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 13 of the 19 commercial properties representing 313,779 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.

The buyer

The PincusCo database currently indicates that Sadik Mann owned at least 17 commercial properties with 20 residential units in New York City with 61,333 square feet and a city-determined market value of $12.4 million. (Market value is typically about 50% of actual value.) The portfolio has $26.6 million in debt, borrowed from Safra National Bank. Within the portfolio, the bulk, or 61 percent of the 61,333 square feet of built space are mixed-use properties, with retail properties next occupying 39 percent of the space. They are all located in Brooklyn.

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