Brooklyn multifamily building sale tops this week’s list of mid-market deals

The Freo Group bought 79-87 Clifton Place in Clinton Hill for about $23M

TRD New York /
Jan.January 13, 2020 08:30 AM
111-115 West 141st Street and 148 West 141st Street (Credit: Google Maps)

111-115 West 141st Street and 148 West 141st Street (Credit: Google Maps)

The Freo Group bought a multifamily building in Brooklyn for almost $23 million this week, while the Moinian Group bought a Brooklyn gas station it plans to turn into a mixed-use development. Here are the details:

  1. The Freo Group purchased a Brooklyn multifamily building at 79-87 Clifton Place in Clinton Hill for $22.9 million from seller Ami Ariel. Daniel Shirazi and Jacob Lewis of Skyline Properties brokered the deal for the buyer and the seller. The six-story property spans 58,000 square feet and includes 40 residential units and 16 parking spots.
  2. Monadnock Development bought a pair of five-story apartment buildings in Harlem for about $17.4 million from an LLC linked to Aulder Capital. The properties are located at 111-115 West 141st Street and 148 West 141st Street. The buildings contain a total of 88 residential units, split between 29 at 148 West 141st Street and 59 at 111-115 West 141st Street.
  3. The Moinian Group bought a gas station at 1640 Flatbush Avenue in Midwood from SL Green Realty for $16.15 million. The Moinian Group plans to redevelop the site into a 13-story mixed use building.

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