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YS Developers Acquires Clinton Hill Development Site for $121M

JLL Capital Markets arranged the $121.4-million sale of 47 Hall St., a full-block, 2.6-acre mixed-use development site in Clinton Hill, Brooklyn. Ethan Stanton, Michael Mazzara and Brendan Maddigan completed the sale to locally based YS Developers. The seller was not disclosed.

The site has secured key land use approvals to facilitate a large-scale mixed-use redevelopment. The existing 550,000 gross square footage will be delivered vacant and the site has roughly 650,000 square feet of residential zoning floor area.

YS Developers, which focuses on residential and mixed-use projects across New York City, plans to execute the approved redevelopment, capitalizing on strong housing demand in the Clinton Hill neighborhood and the site’s proximity to the Brooklyn Navy Yard and surrounding growth corridors. The company is currently advancing a notable project at 960 Franklin Ave. in Crown Heights, which is slated for completion later in 2026.

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JLL's Stanton

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
  • ◦Development
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