JLL Capital Markets is marketing for sale a luxury rental property at 840 Fulton St. in Brooklyn’s Clinton Hill neighborhood. The newly constructed property, which include 39 residential units and one retail unit, is listed for $34.5 million.
The JLL Capital Markets team marketing the property is led by vice chairmen Stephen Palmese and Brendan Maddigan; managing directors Winfield Clifford, Michael Mazzara and Ethan Stanton; senior director Steven Rutman and VP Patrick Madigan. Managing director Peter Rotchford and senior director Jillian Mariutti are the financing leads.
“This is an investment opportunity for a well-located rental property with a long-term tax abatement,” said Palmese.
Constructed in 2019, the seven-story, 39,266-square-foot property features a retail space occupied by Wholesome Farms Market. The building is located near the Clinton-Washington subway station, which provides direct Manhattan access via the C line.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).