Bungalow Projects & Bain Capital Acquire Development Site In Bushwick, Brooklyn For $41.3M

The development site located at 191, 195, 199, 201, 203, 208, 215, 216, 228, 247 Moore Street & 232 Seigel Street in Bushwick, Brooklyn, has been sold in a recent transaction. The property was purchased by Bungalow Projects & Bain Capital from Fortress Investment Group & Abraham Leifer. The sale was facilitated by Daniel O'Brien, Caroline Hodes, and David Behin of Newmark. The sale price for the property was $41,300,000, with a building square footage (BSF) of 202,884 and a price per building square footage (PPBSF) of $204.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $41,300,000
• Address: 191, 195, 199, 201, 203, 208, 215, 216, 228, 247 Moore Street & 232 Seigel Street, Bushwick, Brooklyn
• Market: Bushwick, Brooklyn
• Buyer: Bungalow Projects & Bain Capital
• Seller: Fortress Investment Group & Abraham Leifer
• Brokers: Daniel O'Brien, Caroline Hodes, and David Behin - Newmark
• Building Square Footage (BSF): 202,884
• Price per Building Square Footage (PPBSF): $204

The involvement of Bungalow Projects, Bain Capital, Fortress Investment Group, Abraham Leifer, and the brokers Daniel O'Brien, Caroline Hodes, and David Behin from Newmark contributed to the completion of this successful transaction.