Acquires Mixed-Use Property In Downtown Brooklyn For $134M

The mixed-use property located at 22 Chapel St. in Downtown Brooklyn has been sold in a closed transaction. The property spans a total area of 170,743 square feet and was sold for a price of $134,000,000, resulting in a price per square foot of $784. The transaction took place on August 31, 2022.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $134,000,000
• Address: 22 Chapel St., Downtown Brooklyn
• Market: Downtown Brooklyn
• Buyer:
• Seller's Representative: Hall Oster, Stephen Palmese, Rob Hinckley, Jeff Julien, Bob Knakal, Ethan Stanton & Braedon Gait - JLL
• Square Footage: 170,743
• Price per Square Foot: $784

The deal was facilitated by JLL, with Hall Oster, Stephen Palmese, Rob Hinckley, Jeff Julien, Bob Knakal, Ethan Stanton, and Braedon Gait representing the seller in the transaction. The involvement of these key individuals and JLL highlights the expertise and negotiation skills involved in the successful sale of the property.