Auto Dealer Purchases Fort Hamilton Parkway Lot For $5.5 Million

An auto dealer purchased four parcels of land at 3449-3461 Fort Hamilton Parkway, between Chester Avenue and 36th Street, for $5.5 million this week, the commercial real estate firm Cushman & Wakefield announced today.

The property, a combined lot measuring 125-feet-by-120-feet, holds four single-story buildings, totaling approximately 9,900 square feet.

The zoning in that area, C8, “is the only commercial zoning that allows automotive uses,” Cushman & Wakefield’s Jeffrey A. Shalom pointed out in a press release.

“The buyer, an auto dealer, needed a property that was in move-in condition and this one fit all of his requirements,” Shalom said.

The buyer was 3449-3461 Fort Hamilton LLC; the name of the auto dealer was not released.