Meridian Duo Closes on Sale of Former Bank Building in Flatbush
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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).