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360 Fulton Street

Extell Development Acquires Development Site In Downtown Brooklyn From Feil Organisation For $85.9M

360 Fulton Street

Development Site
450,000 SF
clock iconSold 1 year ago
Robert (Bob) Knakal
Jonathan (Jon) Hageman
Ethan Stanton
+ 5
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Development Site
450,000 sqft

The development site located at 360 Fulton St. in Downtown Brooklyn has been sold for a price of $85,900,000. The property is a long-term ground lease and offers a total building square footage (BSF) of 450,000. The price per buildable square foot (PPBSF) is $191. The sale transaction took place on June 7, 2022.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $85,900,000
  • Address: 360 Fulton St.
  • Market: Downtown Brooklyn
  • BSF: 450,000
  • PPBSF: $191

The seller of the property is the Feil Organisation, represented by Brian Feil and Jeff Feil. The buyer is Extell Development, represented by Gary Barnett. The sale was facilitated by brokers Stephen Palmese, Ethan Stanton, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal, and Jonathan Hageman, from JLL.


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Robert (Bob) Knakal's profile picture
Robert (Bob) Knakal
Chairman, New York Office Co-Head
$2.6B Sold
Ethan Stanton's profile picture
Brendan Maddigan's profile picture
Stephen Palmese's profile picture
Winfield Clifford's profile picture


Deal Summary
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IMAGE: Stephen Palmese, Ethan Stanton, Jeff Feil, Brian Feil, Gary Barnett, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal & Jonathan Hageman DATE: 06/07/2022 ADDRESS: 360 Fulton St. MARKET: Downtown Brooklyn ASSET TYPE: Development Site SELLER: Feil Organisation - Brian Feil & Jeff Feil BUYER: Extell Development - Gary Barnett BROKERS: Stephen Palmese, Ethan Stanton, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal, Jonathan Hageman - JLL (@JLL) SALE PRICE: $85,900,000 BSF: 450,000 ~ PPBSF: $191 NOTE FROM BROKER: Long-term ground lease

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Address360 Fulton Street


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