Jones Lang LaSalle Incorporated: Luxury Rental Property in Williamsburg for Sale

NEW YORK, October 7, 2021 – JLL Capital Markets announced today that it is exclusively marketing for sale a seven-story luxury rental property and two 169-unit buildings at 247 North 7e Street and 248 North 8e St. in Williamsburg, Brooklyn.

Built in 2015, the seven-story, two-building building has 108,030 rentable square feet and 169 market-priced units, including 50 studios, 91 one-bedroom units, and 28 two-bedroom units. The building has an 85-car shared parking garage with valet service and top-notch amenities including 24-hour doorman, on-site indoor parking garage, state-of-the-art fitness center, 13,000 square foot courtyard, private decks, two rooftop decks and high end finishes including stainless steel appliances, dishwashers, gourmet chef-inspired kitchens and built-in washer / dryers.

Located on the south side of North 8e Street to the north side of North 7e A street between Havemeyer and Roebling streets, the property is ideally located in the center of Williamsburg, Brooklyn’s main living-work-play district. The building offers unparalleled access to public transport with the G and L subways accessible in less than 10 minutes at the Lorimer and Bedford stops.

The JLL Capital Markets team that markets the property on behalf of the seller is led by Managing Directors Rob Hinckley and Jeffrey Julien, Senior Managing Director Steven Rutman, Vice President John Taylor and Analyst Joy Ryoo.

“247 North 7e St. represents the first opportunity since the onset of COVID for an attractive Williamsburg asset with significant upside potential in arguably the most desirable and proven submarket of any outer borough, ”Hinckley said. “In addition to its many amenities, the property offers proximity to green spaces and waterfront plazas, state-of-the-art restaurants, centralized shopping, including a Whole Foods, and a nightlife that’s a must have. destination for the whole city. ”

JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupants. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment sales and advice, debt advice, equity advice or recapitalization. The company has more than 3,000 capital markets specialists around the world with offices in nearly 50 countries.

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