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247 North 7th St. Brooklyn apartments

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.” 

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JLL's Hinckley

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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