Prosper Property Group Acquires Office Building At 57 Willoughby Street Brooklyn For $48M

The asset involved in this transaction is an office property located at 57 Willoughby Street in Brooklyn. The transaction was executed for a sale price of $48,000,000, encompassing 125,000 square feet, which translates to a price per square foot of $384.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $48,000,000
• Address: 57 Willoughby Street
• Market: Brooklyn
• Square Footage: 125,000
• Price per Square Foot: $384
• Buyer: Prosper Property Group
• Brokers: Andrew Scandalios, David Giancola, Ethan Stanton & Jennifer Zelko - JLL

The transaction was represented by a team of brokers from JLL, consisting of Andrew Scandalios, David Giancola, Ethan Stanton, and Jennifer Zelko, who facilitated the deal for the buyer, Prosper Property Group.