EJS Group Acquires Development Site In Bedford-Stuyvesant, Brooklyn For $33.1M
1215 Fulton Street
Summary
A development site located at 1215 Fulton St. in Bedford-Stuyvesant, Brooklyn has been sold for a total sale price of $33,100,000. The property, situated in a prime location, offers a total buildable square footage (BSF) of 163,700. With a price-per-buildable-square-foot (PPBSF) of $202, this development site presents an incredible potential for growth and future opportunities.
Summary of Transaction Details:
- Property Type: Development Site
- Sale Price: $33,100,000
- Address: 1215 Fulton St.
- Market: Bedford-Stuyvesant, Brooklyn
- Total BSF: 163,700
- PPBSF: $202
EJS Group has acquired the development site, while The Collective acted as the seller in this transaction. The deal was facilitated by a team of brokers from JLL, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford. Their expertise and negotiation skills played a crucial role in ensuring a successful outcome for both parties involved.
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