Landmark $209.5M Multifamily Acquisition in Brooklyn’s Fort Greene

At MCB Real Estate, we are driven to pursue strategic, high-impact investments that deliver long-term value and strengthen vibrant urban communities. We’re excited to announce the acquisition of 240 Willoughby Street in Fort Greene, Brooklyn, in partnership with Fetner Properties and Farallon Capital Management.

“Our partnership with Farallon and Fetner brings together a team with the insight, experience, and executional strength to unlock long-term value in one of the most competitive real estate markets in the country.”

-P. David Bramble, Co-Founder and Managing Partner, MCB Real Estate

Located in one of Brooklyn’s most desirable neighborhoods, 240 Willoughby is a striking two-tower, 463-unit residential development completed in June 2025. Positioned directly alongside Fort Greene Park, the property offers residents a rare blend of green space and sweeping city skyline views. With more than 30,000 square feet of premium amenities and residences ranging from studios to two-bedrooms, each featuring floor-to-ceiling windows and high-end finishes, the building is designed to meet the needs of today’s modern renter.

The project also includes 147 affordable units as part of the Affordable New York program, reinforcing our commitment to building inclusive and diverse communities.

Drawing on our proven track record in major urban markets, MCB Real Estate quickly underwrote and executed the $209.5 million acquisition. The transaction was completed at construction close and before lease-up, allowing us to move swiftly in a competitive environment.

“We jumped at the opportunity to acquire this one-of-a-kind, premier asset. It stands out among comparable developments, located in a high-growth Brooklyn submarket and designed to meet the evolving needs of today’s renters.”

-P. David Bramble, Managing Partner at MCB Real Estate. 

The strong early demand speaks volumes. By July 2025, just weeks after Memorial Day, 25 percent of the market-rate units had already been leased. This momentum reflects both the building’s appeal and the vitality of the Fort Greene community.

For MCB, this investment is about more than real estate. It reflects our belief in the future of dynamic urban neighborhoods and our dedication to creating lasting value through strategic partnerships. We are proud to bring our expertise to this landmark project.

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