Clipper Equity And Nalcorp Acquire 429-Unit Industrial & Development Site In Flatbush For $90.9M

An industrial and development site located at 2359 & 2360 Bedford Avenue in Flatbush has been sold for a total of $90,882,000. The property spans 190,821 square feet and has a price per square foot of $476. The transaction involved a total of 429 units, with an average price per unit of $211,846.

Summary of transation details

• Property Type: Industrial & Development Site
• Transaction Amount: $90,882,000
• Address: 2359 & 2360 Bedford Avenue
• Market: Flatbush
• Buyer: Clipper Equity - David Bistricer & Nalcorp - Anshel Fridman
• Seller: Vornado Realty Trust & Sears
• Units: 429
• Price per Unit: $211,846
• Square Footage: 190,821
• Price per Square Foot: $476

David Bistricer and Anshel Fridman, representing Clipper Equity and Nalcorp respectively, acted as the buyers in this transaction. The sellers in this deal were Vornado Realty Trust and Sears.