facebook
Traded Co logo
Submit a Deal

The Collective Acquires Development Site In Bedford-Stuyvesant For $32.5M

1215 Fulton Street
PointingArrow
ShareContact

This Development Site property located in NY was sold for $32,500,000 about 5 years ago. The brokers of the deal were DJ Johnston and David Johnstone

A development site located at 1215 Fulton St. in Bedford-Stuyvesant, Brooklyn has been sold for a total of $32.5 million, according to a transaction that took place on February 28, 2019. The property, with a total building square footage (BSF) of 165,000, has been acquired by The Collective, a co-living company from Europe. The buyer plans to maximize the full BSF to create a fully amenitized co-living campus in the heart of Bed-Stuy.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $32.5 million
  • Building Square Footage (BSF): 165,000
  • Price per BSF (PPBSF): $196
  • Address: 1215 Fulton St., Bedford-Stuyvesant, Brooklyn

The seller in this transaction is Joseph Hamway from Industrie Capital Partners, while The Collective is represented by DJ Johnston from B6 Real Estate. With the acquisition of this property, The Collective aims to create a fully amenitized co-living campus in Bed-Stuy, taking full advantage of the available 165,000 BSF.

View Related

Deals
  • Location
    1215 Fulton Street, Brooklyn, NY 11216, USA1215 Fulton Street, Brooklyn, NY 11216, USA
  • Sale Price
    $32,500,000$32,500,000
    $862 PPSF$862 PPSF
  • Area
    37,700 SF37,700 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

DJ Johnston

DJ Johnston

Deals70
Financed$398.4M

David Johnstone

David Johnstone

Deals2
Sold$40.3M

Agency


Social

Deal Summary

SALE IMAGE: @Joseph_Hamway & DJ Johnston DATE: 02/28/2019 ADDRESS: 1215 Fulton St. MARKET: Bedford-Stuyvesant, BK ASSET TYPE: Development Site SALE PRICE: $32.5M BSF: 165K PPBSF: $196 SELLER: Joseph Hamway - Industrie Capital Partners BUYER: The Collective BROKER: DJ Johnston @B6RealEstate NOTE: The Collective is a co-living company out of Europe. They are planning to maximize the full 165,000 BSF to build a fully amenitized co-living campus in the heart of Bed-Stuy.

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

1215 Fulton Street

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits