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

191 Moore Street, 195 Moore Street, 199 Moore Street, 201 Moore Street, 203 Moore Street, 208 Moore Street, 215 Moore Street, 216 Moore Street, 228 Moore Street, 247 Moore Street & 232 Seigel Street

$41,300,000

Building Size

—

Asset Type

Development Site

Closing

Jan 5, 2024

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.

Players