The Traderszone Network

Published in TZ Latest News 12 October, 2021 by The TZ Newswire Staff

Carlyle Group nabs Clinton Hill multifamily for $34M

Investment firm Freo Group sewed up its investment in a former Clinton Hill knitting factory, selling the 40-unit rental conversion at 79-83 Clifton Place for $34 million, property records show. The Carlyle Group paid just under the asking price for the 58,000-square-foot property built in 1939 and converted to loft-style apartments in 2001. Freo bought the property in January 2020, just prior to the pandemic, for $22.9 million. Financing included a $17.4 million mortgage loan

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