FREO sourced and acquired the property on an off-market basis and is now responsible for asset management and enacting a value-add renovation program in the building’s units and common areas with the goal of improving leasing velocity and achieving market rents.
Clifton 79 USA
Clinton Hill, Brooklyn, United States
Close79 Clifton is a 40-unit multifamily building located within the Clinton Hill neighborhood in Brooklyn. A former knitting factory that was converted to residential lofts in 2000, the Property features expansive 1-3 bedroom rentals that include outdoor space, high ceilings, and unique architectural detail.
Acquisition: January 2020
Rentable Area (m²): 52,375 square feet
Rentable Area (m²): 52,375 square feet
Sourcing and Acquisition
Asset Management