The Carlyle Group Acquires Knitting Factory Lofts In Clinton Hill, Brooklyn For $34M

The Knitting Factory Lofts located at 79-81 Clifton Place in Clinton Hill, Brooklyn have been sold in a recent transaction. The multifamily property, with a total of 40 units, was acquired by The Carlyle Group for a sale price of $34,000,000. The property has a gross square footage of 57,937, and the price per gross square foot is $587. The transaction took place on October 1, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Address: 79-81 Clifton Place, Clinton Hill, Brooklyn
• Market: Clinton Hill, Brooklyn
• Zoning: R6B

The seller of the Knitting Factory Lofts was FREO Group. The deal was facilitated by brokers Paul Gillen, Daniel Parker, Anthony Ledesma, and Allie Boyan of Hodges Ward Elliott.