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    Home»Investments»3 Investments Firms Make $209M Purchase of Fort Greene Residential Property
    Investments

    3 Investments Firms Make $209M Purchase of Fort Greene Residential Property

    July 14, 20251 Min Read


    Part of 240 Willoughby Street’s appeal is the more than 30,000 square feet of amenities, which include a yoga studio, a business center, a fitness center, sports simulator rooms, game rooms and a children’s playroom. Also, multiple private terraces are located at the property, with the Fort Greene Park located nearby.

    The apartments themselves consist of studios, as well as one and two-bedroom units. They feature in-unit washers and dryers, floor-to-ceiling windows and Bluetooth sound systems.

    “This rapid lease-up shows how much the neighborhood has embraced 240 Willoughby,” Hal Fetner, president and CEO of Fetner, said in a statement.

    Over the past 24 months alone, Fetner said it has developed or acquired more than 1,500 homes in not only Brooklyn — but in other NYC boroughs like Manhattan and Queens too.

    David Bramble, managing partner at MCB Real Estate, referred to Fort Greene as one of Brooklyn’s “high-growth submarkets.”

    The first quarter for NYC’s rental market represented a strong start to the year. A report from Realtor.com found that the median asking rent was $3,397, up 5.6 percent year-over-year. Brooklyn, while outpaced by Manhattan’s 5.5 percent growth, enjoyed a strong start to the year with its five percent gain.



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