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240 Willoughby Street

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

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

240 Willoughby Street

$209,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 7, 2025

AI

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:

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.

Players

Jeffrey Julien

JLL

Broker

$9B

vol

58 deals

Broker
JLL
JLLBrokerage

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93