Residential developer Fetner and two partners have bought a newly completed apartment building in the Fort Greene neighborhood just east of downtown Brooklyn for $209.5 million. The deal comes as area rent has reached a record high.
Joint venture buys downtown Brooklyn rental property for $209.5 million
Market asking rent has jumped to record high
By Andria Cheng
CoStar News
July 11, 2025 | 9:22 P.M.
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IN THIS ARTICLE
- Properties
- Verdant Fort Greene
240 Willoughby St, Brooklyn, NY
- Companies
- MCB Real Estate
Real Estate
- Farallon Capital Management, L.L.C.
Finance and Insurance