TF Cornerstone Sells Air Rights In Fort Greene, Brooklyn For $2.3M

The air rights for the property located at 155 South Elliott Place in Fort Greene, Brooklyn have been sold. The seller, TF Cornerstone, enlisted the services of brokers Daniel O'Brien and Caroline Hodes from Newmark, as well as Bryan Hurley from Cushman & Wakefield, to facilitate the transaction. The sale price for the air rights was $2,300,000, and the total square footage of the rights is 18,000. This equates to a price per square foot of $128.

Summary of transaction details

• Property Type: Air Rights
• Transaction Amount: $2,300,000
• Property Address: 155 South Elliott Place, Fort Greene, Brooklyn
• Market: Fort Greene, Brooklyn
• Seller: TF Cornerstone
• Brokers: Daniel O'Brien & Caroline Hodes - Newmark and Bryan Hurley - Cushman & Wakefield
• Square Footage: 18,000
• Price Per Square Foot: $128

The deal involved the collaboration of TF Cornerstone as the seller, along with brokers Daniel O'Brien, Caroline Hodes, and Bryan Hurley who represented their respective agencies, Newmark and Cushman & Wakefield. The successful transaction indicates the value placed on the air rights for the 155 South Elliott Place property in Fort Greene, Brooklyn.