Rabsky Group Acquires Development Site At 356 Fulton Mall From Extell Development For $46M

356 Fulton Mall is a development site located in Brooklyn. The property has a sale price of $46,000,000 and has a building square footage (BSF) of 476,607, equating to a price per building square foot (PPBSF) of $96. An existing leasehold is present on the site.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $46,000,000
• Address: 356 Fulton Mall
• Market: Brooklyn
• Building Square Footage: 476,607
• Price per Square Foot: $96
• Buyer: Rabsky Group
• Seller: Extell Development
• Broker: Tom Li - SPR Group LLC

The transaction involved the Rabsky Group purchasing the property from Extell Development, with Tom Li representing the deal through SPR Group LLC. The existing leasehold indicates pre-established use agreements on the site, which may impact future development plans.