Fetner Properties, MCB Real Estate and Farallon Capital Finalize $209M Acquisition of Fort Greene Property

JOINT VENTURE OF FETNER PROPERTIES, MCB REAL ESTATE AND FARALLON CAPITAL MANAGEMENT CLOSE ON $209 MILLION ACQUISITION OF 240 WILLOUGHBY STREET IN FORT GREENE, BROOKLYN - Jones Lang LaSalle (NYSE:JLL)

One-of-a Kind Building Overlooking Fort Greene ParkOffers Breathtaking Views, 30k Square Feet of Amenities in Fort Greene BROOKLYN, N.Y., July 10, 2025 /PRNewswire/ -- Fetner Properties, in partnership with MCB Real Estate and Farallon Capital Management, today announced the  assumption of a ground lease and the acquisition of 240 Willoughby Street, a residential rental building, offering 463 units, 147 of which are designated for affordable hou…

Fetner Properties, MCB Real Estate and Farallon Capital Finalize $209M Acquisition of Fort Greene Property

Fetner Properties, in partnership with MCB Real Estate and Farallon Capital Management, today announced the  assumption of a ground lease and the acquisition of 240 Willoughby Street, a residential rental building, offering 463 units, 147 of which are designated for affordable housing, in the heart of Fort Greene, Brooklyn. The purchase price was $209.5 million and $141.5 million with a senior loan provided by M&T Realty Capital Corporation (MTR…

JOINT VENTURE OF FETNER PROPERTIES, MCB REAL ESTATE AND FARALLON CAPITAL MANAGEMENT CLOSE ON $209 MILLION ACQUISITION OF 240 WILLOUGHBY STREET IN FORT GREENE, BROOKLYN

One-of-a Kind Building Overlooking Fort Greene Park

Fetner, MCB, Farallon Capital Buy 240 Willoughby Street for $210M

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