JLL Capital Markets arranges sale of fully entitled full-block site in Clinton Hill
News release
28 April 2026
YS Developers buys ~$121M development site in Brooklyn
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NEW YORK, April 28, 2026 – JLL Capital Markets announced today that it has arranged the $121.4 million sale of 47 Hall St., a full-block, 2.6-acre mixed-use development site in Clinton Hill, Brooklyn.
The site secured key land use approvals to facilitate a large-scale mixed-use redevelopment. The existing ~550,000 GSF will be delivered vacant and the site has roughly ~650,000 of residential ZFA.
The JLL Capital Markets Investment Sales and Advisory team that arranged the transaction was led by Ethan Stanton, Michael Mazzara and Brendan Maddigan.
YS Developers plans to execute the approved redevelopment, capitalizing on strong housing demand in the Clinton Hill neighborhood and the site’s proximity to the Brooklyn Navy Yard and surrounding growth corridors.
YS Developers is an active Brooklyn-based firm focused on mixed-use and residential development projects across New York City. The company is currently advancing a notable project at 960 Franklin Avenue in Crown Heights, which is expected to be completed in 2026.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources visit JLL’s newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.