JLL Acquires Hotel & Residential Property In Downtown Brooklyn For $90M

The property at 85 Flatbush Ave Ext in Downtown Brooklyn has been sold. The transaction was facilitated by brokers Jeff Davis, KC Patel, and Steven Rutman from JLL. The sale price for the property was $90,000,000. The property consists of a hotel and residential units with a total square footage of 156,115. The price per square foot for the property is $576.

Summary of transation details

• Property Type: Hotel & Residential
• Transaction Amount: $90,000,000
• Address: 85 Flatbush Ave Ext
• Market: Downtown Brooklyn
• Brokers: Jeff Davis, KC Patel & Steven Rutman - JLL
• Square Footage: 156,115
• Price per Square Foot: $576

The sale of the property at 85 Flatbush Ave Ext was overseen by brokers Jeff Davis, KC Patel, and Steven Rutman from JLL. Their expertise in the Downtown Brooklyn market helped facilitate the successful transaction of this hotel and residential property. Through their efforts, the property was sold for a substantial amount, demonstrating the strong demand for real estate in the area.