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JLL Handles Williamsburg Sale for Greystar
JLL Capital Markets closed the $116.2-million sale of 247N7, a 169-unit, 151,766-square-foot, two-building rental property at 247 N. 7th St. in Brooklyn’s Williamsburg neighborhood. The team of Rob Hinckley, Jeffrey Julien, Steven Rutman, John Taylor and Joy Ryoo marketed the building on behalf of the seller, Greystar Real Estate Partners, while JLL’s Jesse Terry led the acquisition on behalf of the buyer HUBB NYC.
Constructed in 2015, the seven-story property features 50 studios, 91 one-bedroom units and 28 two-bedroom units with stainless-steel appliances, dishwashers, chef-inspired kitchens, and in-unit washers and dryers.
“247N7 represents the most attractive Williamsburg and potentially all of New York City mid-rise multi-housing assets,” Hinckley said. “In addition to abundant amenities, the property offers proximity to green space and waterfront esplanades, cutting-edge dining, centralized shopping, including a Whole Foods, and a nightlife that is a destination for the entire city.”
- ◦Sale/Acquisition

