FLATBUSH — A Manhattan-based investor has acquired a three-parcel property in Flatbush, according to M.C. O’Brien Inc., a Brooklyn-based real estate firm.
The combined sale price was $9.3 million, according to broker Bill O’Brien, who handled the all-cash sale along with his M.C. O’Brien colleague, Karen Cohen.
The three properties include the Flatbush Federal Savings and Loan building at 2146 Nostrand Ave., at the very high-traffic intersection of Flatbush Avenue, Nostrand Avenue and Hillel Place in the area of Flatbush known as “The Junction.”
This building contains approximately 15,000 square feet and benefits from more than 220 feet of frontage on the three streets. It will be vacated by the bank and will ultimately be occupied by a Dallas BBQ restaurant.
“The transaction was notable in that the buyer will replace the Flatbush Federal building with a newly-constructed building that the bank will own upon completion.,” said O’Brien.
The other two parcels include a one-story building previously occupied by a White Castle and a 15,000-square-foot parking lot, both of which were delivered vacant to the buyer.
Both are also right at the subway entrance.