JLL to Market Sale of Brooklyn Development Site

NEW YORK CITY – JLL capital markets has been retained to exclusively market the sale of a 171,180-buildable-square-foot commercial development site in Brooklyn, located at 360-370 Fulton Street.

Situated in downtown Brooklyn’s Fulton Mall shopping district, at the intersection of Fulton St. and Jay St., the development site offers flexible zoning that allows for a full-scale, 171,180-square-foot mixed-use building.

The property offers more than 104 feet of retail frontage and a combined footprint of 14,265 square feet.

The property is located within three blocks of multiple subway stations, serviced by nine subway lines, and it is additionally situated ten minutes to the LIRR and less than ten minutes from Wall Street in Manhattan.

“This property centrally located amid extraordinary residential development and a growing number of downtown Brooklyn’s office, hotel and retail developments,” states JLL vice chairman, Stephen Palmese. “These developments will have an estimated $11 billion in economic impact, creating significantly increased demand for new housing, amenities, workspaces and retail.”

Representing the seller is the JLL capital markets team of vice chairman, Stephen Palmese, vice chairman, Brendan Maddigan, managing directors, Winfield Clifford, Michael Mazzara and Ethan Stanton, VP, Patrick Madigan and chairman, Bob Knakal.

JLL director, Jillian Mariutti will provide financing guidance and SVP, Ryan Condren will provide retail guidance.