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(WPIX-TV/Rolando Pujol)

BROOKLYN (PIX11) – The iconic cheesecake maker Junior’s is selling its flagship location in Brooklyn, according to reports.

The restaurant, which played host to President Obama and then-Public Advocate Bill de Blasio in October of last year, will be making way for a condominium development, according to the Rosen family, owner of Junior’s.

The family will be giving up the valuable 17,000-square-foot property at the corner of Flatbush Avenue Extension and Dekalb Avenue, but hopes to reopen another Junior’s on one of the floors of the development.

President Obama and then-Public Advocate Bill de Blasio grab a slice of Brooklyn’s famous cheesecake.

The value of the deal has not been specified, but the skyrocketing Brooklyn real estate market apparently helped create a deal the Rosen family could not refuse after years of declining offers.

In the meantime, Junior’s Most Fabulous Cheesecakes and Desserts will open at another still-to-be-named location in Brooklyn.

“I think there’s room for two Junior’s in Brooklyn,” Alan Rosen told the New York Post.

Junior’s first opened its doors at the Brooklyn location in 1950.