Clinton Hill affordable housing complex trades for $11M in cash

The 45,670-square-foot, 50-unit affordable housing property located at 139 Emerson Place in Clinton Hill has traded for $11 million in cash, Brownstoner reported. Massey Knakal brokered the deal. The building rises six stories high and has 12 parking spaces. Brownstoner said this marks Massey Knakal’s second affordable-housing sale in the neighborhood so far this year. The property is located in between Myrtle and Willoughby avenues.

The name of the buyer was not disclosed.

Streeteasy shows that a 720-square-foot, one-bedroom, one-bathroom unit in the building was on the rental block for $1,450. The listing has since rented. [Brownstoner]