EJS Group Acquires Development Site In Bedford-Stuyvesant, Brooklyn For $33.1M

A development site located at 1215 Fulton St. in Bedford-Stuyvesant, Brooklyn has been sold for a total sale price of $33,100,000. The property, situated in a prime location, offers a total buildable square footage (BSF) of 163,700. With a price-per-buildable-square-foot (PPBSF) of $202, this development site presents an incredible potential for growth and future opportunities.

Summary of Transaction Details:

• Property Type: Development Site
• Sale Price: $33,100,000
• Address: 1215 Fulton St.
• Market: Bedford-Stuyvesant, Brooklyn
• Total BSF: 163,700
• PPBSF: $202

EJS Group has acquired the development site, while The Collective acted as the seller in this transaction. The deal was facilitated by a team of brokers from JLL, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford. Their expertise and negotiation skills played a crucial role in ensuring a successful outcome for both parties involved.