NEW YORK CITY-An entity of Harrison Street Real Estate Fund of Chicago has purchased a student housing condominium at 490 Fulton St. in Brooklyn for $62.7 million.

The 120,000-square-foot upper unit at the property for Long Island University students is located just a block away from its Brooklyn campus. The condo, which consists of three floors and 120 dorm rooms, was sold by Crown Acquisitions, according to the New York Post.

The property will be operated by Dinerstein Co.’s Sterling University Housing division based in Houston. See story in the New York Post.