2420 Bedford Avenue
Flatbush, Brooklyn
Parcel ID (BBL): 3051330014
Owner: Clipper Equity
Acquired: May 16, 2022, $40.3 million
Debt: December 05, 2023, $24 million
Built: 1932
SF: 175,875
Dwelling units: 0
No. of buildings: 1
Class: Department Stores, Multi-Story (K3)
Floors: 3
Legacy BBLs: 3051330014
Transactions:
• Company sold 2359 Bedford Avenue, N/A Beverly Road, and N/A Bedford Avenue, Flatbush, Brooklyn for $0 to company on December 20, 2024.
• Clipper Equity borrowed $24 million from Cross River Bank for 2323 Beverly Road, Flatbush, Brooklyn on December 05, 2023.
• Company sold 2360 Bedford Avenue, Flatbush, Brooklyn for $0 to company on October 17, 2023.
• Clipper Equity and Nalcorp borrowed $6.7 million from Valley National Bank for 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn on December 22, 2022.
• Clipper Equity and Nalcorp borrowed $67.5 million from Valley National Bank for 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn on May 16, 2022.
Development:
• J Bistricer filed plans for SI in Flatbush, Brooklyn, on October 12, 2023.
• J Bistricer filed plans for A3 in Flatbush, Brooklyn, on April 12, 2022.
• J Bistricer filed plans for A3 in Flatbush, Brooklyn, on April 12, 2022.
• J Bistricer filed plans for SI in Flatbush, Brooklyn, on March 30, 2022.
• J Bistricer filed plans for new building for 257,310 sqft in Flatbush, Brooklyn, on March 22, 2022.
Most recent Zoning Diagram (ZD1)
Violations:
According to city public data, the properties have received $2,100 in OATH penalties in the last year.