ALBERT BARNATHAN paid $2M to Charles Chera

ALBERT BARNATHAN through the entity 1183 FLATBUSH AVENUE LLC paid Charles Chera’s CKC ACQUISITIONS LLC $2.4 million for 1 parcel, including the tax class one-story store building (K1) at 53 West Fordham Road in University Heights. The deal closed on May 17, 2019 and was recorded on July 18, 2019. The parcel(s) have total development potential of 58,553 square feet.
The average sale price per square foot is $69.

The current stake is just a 20 percent interest being sold. The last time the entire property sold was September 26, 2018, for $10,100,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $380,280. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $1,368,425.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link