Here's a Big One

From left: 845 Flatbush Avenue in Flatbush and Harbor Group’s Jordan Slone

From The Real Deal comes news of a major purchase down the Flabenue a piece. This will be 30,000 s/f, a nice chunk for a developer who digs big projects. I suspect you don't pluck down $22 million to leave it as is. Unless Slone really loves working out at Blink Fitness, and this is his way of getting a V.I.P. membership. Or V.I.M. membership if you will. Look for lots of the deals along Flatbush. There are tons of taxpayer buildings to turn into apartments. Some of the old buildings would be nice to retain, but many of them, sadly, are already condemned and unlikely to be salvaged.