The Real Deal New York

Crown pays $30M for two DoBro commercial buildings

Fulton Street properties span 143K buildable square feet

January 06, 2016 11:42AM
By Kathryn Brenzel

522 Fulton Street in Brooklyn (inset: Haim)

522 Fulton Street in Brooklyn (inset: Haim Chera)

Haim Chera’s Crown Acquisitions snapped up two commercial buildings in Downtown Brooklyn for $30 million, according to property records filed with the city Wednesday.

The two adjacent retail-and-office buildings, located at 522 and 526 Fulton Street, include 142,480 square feet of buildable space between Hanover Place and Flatbush Avenue.

Lloyd Goldman’s Midtown-based BLDG Management owned the four-story properties since 2010. Burger King recently 3,500 square feet at 522 Fulton.

The buildings are located near another Crown-owned property, at 490 Fulton Street. In May, the firm inked a lease with Forever 21 for a 40,000-square-foot space in the building. Records also show that Crown owns 452 Fulton Street, an eight-story, mixed-use building. In May, Crown and Oxford Properties Group bought the remaining 50 percent of the Olympic Tower for $652 million.

A representative for Crown could not immediately be reached for comment.

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