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Acquisitions

United American Land pays $22M for Fulton Street properties

Jeff Sutton is the seller to the Laboz family

Fulton Street Assemblage (Credit: PincusCo / Google Maps)

The Laboz family’s United American Land has acquired four retail properties on Fulton Street in Downtown Brooklyn from Jeff Sutton for $22 million, according to PincusCo. The deal gives the family control of 12 properties (some adjacent) on the block bounded by Fulton, Jay, Willoughby, and Lawrence Streets.

Properties include… 457, 465, and 459-461 Fulton Street.  

Assemblages take time: Laboz has spent $75.8 million since 1996 buying the 12 properties… With ten separate owners controlling 12 other buildings on the block, it should be interesting to see what happens next.

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