The Maynard Building, a medical facility located at 240 Willoughby Street in Brooklyn, New York, was recently sold in a transaction. The sale took place on January 25, 2018, and the property was purchased by Simon Dushinsky’s Rabsky Group from Brooklyn Hospital Center CEO Gary Terrinoni. The sale was facilitated by Cushman & Wakefield’s Bob Knakal. The Maynard Building spans approximately 350,000 square feet and is situated in the Brooklyn market. The transaction was valued at $100,000,000, with a price per square foot of $286.

Summary of transaction details

• Property Type: Medical facility
• Transaction Amount: $100,000,000
• Address: 240 Willoughby Street, Brooklyn, New York
• Market: Brooklyn
• Seller: Brooklyn Hospital Center CEO Gary Terrinoni
• Buyer: Simon Dushinsky’s Rabsky Group
• Broker: Cushman & Wakefield’s Bob Knakal
• Square Footage: 350,000 sf
• Price per square foot: $286

Gary Terrinoni, the CEO of Brooklyn Hospital Center, sold the Maynard Building to Simon Dushinsky’s Rabsky Group. The transaction was facilitated by the real estate broker Bob Knakal of Cushman & Wakefield. This deal marks an important transaction in the Brooklyn market, highlighting the ongoing demand for commercial properties, particularly in the medical facility segment.