Cushman & Wakefield Arranges Sale Of Seven Former Flagstar Bank Branches For $4.4M

The transaction involves the sale of seven former Flagstar Bank branches located at 2624 Morris Avenue, 1887 Morris Avenue, 36 Ferry Street, 198 Jefferson Street, 155 Central Avenue, 23 Little Falls Road, and 949 Broadway. The total sale price for the retail asset is $4,400,000. The properties range in size from 755 to 3,306 square feet and are situated across Essex, Hudson, and Union counties in New Jersey.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,400,000
• Addresses: 2624 Morris Avenue, 1887 Morris Avenue, 36 Ferry Street, 198 Jefferson Street, 155 Central Avenue, 23 Little Falls Road, 949 Broadway
• Market: Union, Newark, Fairfield & Bayonne
• Brokers: Andy Schwartz, Jordan Sobel, Andre Balthazard & Dan Bottiglieri - Cushman & Wakefield

Cushman & Wakefield facilitated the sale to a private buyer as part of Flagstar’s strategy to close approximately 60 branches in 2025. The involved brokers represent a key role in the transaction process, ensuring the successful transfer of these retail properties.