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Amit Doshi and Shallini Mehra of Meridian closed the sale of a Brooklyn retail portfolio near Kings Plaza Shopping Center

Meridian’s Team Doshi Closes Sale of Brooklyn Retail Portfolio 

Meridian’s Amit Doshi and Shallini Mehra recently closed on the $12.3-million sale of the Kings Plaza Retail Portfolio, including 2484-2488 Flatbush Ave., 4202-4204 Ave. U, 4206-4212 Ave. U, 4101-4103 Ave. U, 4105-4107 Ave. U and 4113-4123 Ave. U. Doshi and Mehra, in conjunction with J. A. Cohen Advisory, represented both buyer and seller.  

“The portfolio benefits from stable cash flow from neighborhood service types of stores and its proximity to Kings Plaza, which drives significant pedestrian and car traffic,” said Doshi. “From the perspective of the purchaser, who are prolific builders also, the potential to build there in the future was an important factor.” 

Added Mehra, “The purchaser is vested in the immediate neighborhood, so after months of marketing this became a quick execution.” 

The portfolio is located at the intersection of Flatbush Avenue and Avenue U between the Kings Plaza Shopping Center, Brooklyn’s first indoor mall, and Marine Park.  

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Meridian's Doshi and Mehra

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

  • ◦Sale/Acquisition