SOLD
Extell Development Acquires Development Site In Downtown Brooklyn From Feil Organisation For $85.9M
360 Fulton Street
Development Site
450,000 SF
450,000 SF
Summary
Sale
NEW YORK
Development Site
450,000 sqft
The development site located at 360 Fulton St. in Downtown Brooklyn has been sold for a price of $85,900,000. The property is a long-term ground lease and offers a total building square footage (BSF) of 450,000. The price per buildable square foot (PPBSF) is $191. The sale transaction took place on June 7, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $85,900,000
- Address: 360 Fulton St.
- Market: Downtown Brooklyn
- BSF: 450,000
- PPBSF: $191
The seller of the property is the Feil Organisation, represented by Brian Feil and Jeff Feil. The buyer is Extell Development, represented by Gary Barnett. The sale was facilitated by brokers Stephen Palmese, Ethan Stanton, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal, and Jonathan Hageman, from JLL.
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Details
SOLD
IMAGE: Stephen Palmese, Ethan Stanton, Jeff Feil, Brian Feil, Gary Barnett, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal & Jonathan Hageman
DATE: 06/07/2022
ADDRESS: 360 Fulton St.
MARKET: Downtown Brooklyn
ASSET TYPE: Development Site
SELLER: Feil Organisation - Brian Feil & Jeff Feil
BUYER: Extell Development - Gary Barnett
BROKERS: Stephen Palmese, Ethan Stanton, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal, Jonathan Hageman - JLL (@JLL)
SALE PRICE: $85,900,000
BSF: 450,000 ~ PPBSF: $191
NOTE FROM BROKER: Long-term ground leaseView on map
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Address360 Fulton Street
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