Feil acquires Downtown Brooklyn bank for $43M

Home of Capital One branch has more than 104K buildable sf of commercial space

New York /
Dec.December 30, 2015 05:50 PM

The Feil Organization acquired a three-story Downtown Brooklyn commercial building for $43 million, according to property records filed with the city Wednesday.

The Midtown-based real estate investment and development firm acquired the 28,000-square-foot building at 356 Fulton Street from Capital One, which currently occupies the property.

The property has nearly 87,000 buildable square feet of residential space and more than 104,000 buildable square feet of commercial space, according to sources with knowledge of the site. It is located on the corner of Red Hook Lane across from 1 Boerum Place.

A Feil Organization spokesperson declined to comment on the transaction. A Capital One spokesperson did not immediately respond to a request for comment.

Capital One inherited 356 Fulton Street through its $13.2 billion acquisition of Long Island-based North Fork Bank in 2006. The Downtown Brooklyn location was one of more than 40 New York City properties that Capital One acquired from North Fork for nearly $170 million, according to city property records.

North Fork itself acquired the Fulton Street bank through its $6.3 billion purchase of GreenPoint Financial Corp. in 2004. The location was one of 18 city properties that North Fork inherited from GreenPoint for nearly $22 million, records show.


Related Articles

arrow_forward_ios
4 Park Avenue (Feil Organization)
With 30K-sf lease, SUNY Empire shrinks Manhattan footprint
With 30K-sf lease, SUNY Empire shrinks Manhattan footprint
Brian Feil of the Feil Organization and 360-370 Fulton Street (Google Maps)
Feil Organization to buy Downtown Brooklyn development portfolio
Feil Organization to buy Downtown Brooklyn development portfolio
Paul Travis, managing partner at Washington Square Partners, and Brooklyn's City Point (Getty, Google Maps)
Brooklyn’s City Point signs 62K-sf lease with school
Brooklyn’s City Point signs 62K-sf lease with school
Rockrose Development President Justin Elghanayan and 98 DeKalb Avenue in Brooklyn
Rockrose’s new Brooklyn skyscraper will rise 47 stories
Rockrose’s new Brooklyn skyscraper will rise 47 stories
11 Hoyt Street and 1 Clinton Street in Brooklyn (Credit: Binyan Studios and 1 Clinton Street)
Downtown Brooklyn condo was borough’s priciest contract last week
Downtown Brooklyn condo was borough’s priciest contract last week
Brookfield's Ric Clark and Two Hanson Place in Brooklyn (Credit: Google Maps, iStock)
Brookfield signs energy company to big lease in DoBro
Brookfield signs energy company to big lease in DoBro
From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street
Feil Organization buys Chelsea office building for $72M
Feil Organization buys Chelsea office building for $72M
1 Flatbush Avenue and the site at 570 Fulton Street (Credit: Google Maps)
Pair of DoBro properties up for sale by Slate, Meadow Partners
Pair of DoBro properties up for sale by Slate, Meadow Partners
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...