Meridian Capital Group

Meridian’s Team Doshi Closes Sale of Brooklyn Retail Portfolio

June 02, 2022

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.  

Featuring:
Amit Doshi
Senior Executive Managing Director
Investment Sales
(212)468-5959
[email protected]
Shallini Mehra
Managing Director
Investment Sales
(212)468-5958
[email protected]
Read Article
Recent Articles | Back to News

NewPoint Lends $61M on Suburban Philly Multifamily Acquisition

Article
June 2, 2022

Kelly Park VB Development Lands $50M for 259-acre Assemblage in Orlando

Article
June 2, 2022

Meridian Announces Slew of Senior Care Transactions

Article
June 2, 2022

Meridian Capital Group’s Senior Housing and Healthcare Team Closed $2.2 Billion in Transaction Volume Year-to-Date in 2022

Article
June 2, 2022

Meridian Closes Off-Market Deal for 421-a Williamsburg Multifamily

Article
June 2, 2022

Meridian Capital Group arranges $48 million in financing for 100 Lenox Rd.

Article
June 2, 2022