Freo Group Acquires Brooklyn Multifamily Property For $22.9M

Located in Brooklyn's Clinton Hill neighborhood, the multifamily property at 79-87 Clifton Place recently changed hands in a closed sale transaction. The property spans a total area of 58,000 square feet and comprises 40 residential units and 16 parking spaces. The sale price for this investment opportunity was recorded at $22,900,000, resulting in a price per square foot of $400. Notably, the buyer of this property was the Freo Group, while the seller, representing G Way, was Ami Ariel. The deal was facilitated by Daniel Shirazi and Jacob Lewis of Skyline Properties, who served as the brokers in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,900,000
• Address: 79-87 Clifton Place, Brooklyn
• Market: Clinton Hill
• Square Footage: 58,000
• Units: 40 Residential Units & 16 Parking Spaces
• Seller: Ami Ariel - G Way
• Buyer: Freo Group
• Brokers: Daniel Shirazi & Jacob Lewis - Skyline Properties

The sale of 79-87 Clifton Place demonstrates the attractiveness of the Clinton Hill market for multifamily investment opportunities. With the assistance of Daniel Shirazi and Jacob Lewis from Skyline Properties, the buyer, Freo Group, successfully acquired this property from the seller, Ami Ariel, representing G Way. This transaction further highlights the expertise of the brokers in navigating the Clinton Hill market and facilitating significant deals.