Fetner Properties, MCB & Farallon Acquire Multifamily Asset In Fort Greene For $209.5M

The property involved in this transaction is located at 240 Willoughby Street, Fort Greene, Brooklyn. It is classified as a multifamily asset encompassing 463 residential units. The transaction was completed for a total sale price of $209,500,000, which equates to a price per unit of $452,483.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $209,500,000
• Units: 463
• Price Per Unit: $452,483
• Buyer: Fetner Properties, MCB & Farallon
• Brokers: Jeffrey Julien, Rob Hinckley, Jim Curtin & Steven Rutman - JLL
• Date of Transaction: 7/8/2025

The transaction was facilitated by a team of brokers from JLL, including Jeffrey Julien, Rob Hinckley, Jim Curtin, and Steven Rutman. Together, they represented the interests of the involved parties throughout the sale process, ensuring the deal progressed smoothly to completion.