Firm Paid $50.8 Million for Heights’ 75 Clinton Street


    A deed filed in public records yesterday shows that the Dallas-based investment firm Invesco paid $50.8 million for the Brooklyn Heights condo at 75 Clinton Street. The company relaunched the property as a rental. Crain’s, which first broke news of Invesco taking over the building in late January, noted in its article about the deal that Invesco had also recently purchased the 95-unit Arias Park Slope for $57.5 million. Both sales underscore the appetite that investors have these days for Brooklyn rental properties in prime neighborhoods. The building at 75 Clinton, which was converted from an office building, has 74 units. Its original developer launched sales at the property in mid-summer, with prices going from $519,820 up to $1.7 million. At present StreetEasy is showing six active rental listings in the building, with rents ranging from $2,800 for a 553-foot studio to $7,630 for a 1,541-foot three-bedroom.
    Heights’ 75 Clinton Going Rental [Brownstoner]
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