Meridian Duo Closes on Sale of Former Bank Building in Flatbush Paul Bubny on March 2, 2023 at 12:14 am – Robert Khodadadian
Meridian’s Shallini Mehra and Amit Doshi closed on the sale of 2848 Church Ave., a two-story, former bank building located in the Flatbush neighborhood of Brooklyn. The 8,400-square-foot early Art Deco property sold for $5.9 million, translating to $705 per square foot, a new record for the neighborhood.
Mehra and Doshi represented both the buyer, Foster Equities LLC, and the seller, 2848 Church Avenue Holding LLC. Attorney Jack Aini of Aini & Associates PLLC represented the seller, while Cyril Derzie of Seyfarth Shaw LLP represented the buyer.
“2848 Church Avenue was home to many banks dating back to the late 1890’s, starting with the German Savings Bank of Brooklyn,” said Mehra. “The building changed hands over the years and operated as a bank into the mid-1990’s when it was finally sold to McDonald’s. The building is currently occupied by a Burger King and an orthodontics office.”
The post Meridian Duo Closes on Sale of Former Bank Building in Flatbush appeared first on Connect CRE.
Meridian’s Shallini Mehra and Amit Doshi closed on the sale of 2848 Church Ave., a two-story, former bank building located in the Flatbush neighborhood of Brooklyn. The 8,400-square-foot early Art Deco property sold for $5.9 million, translating to $705 per square foot, a new record for the neighborhood. Mehra and Doshi represented both the buyer, …
The post Meridian Duo Closes on Sale of Former Bank Building in Flatbush appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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