Harbor Buys $117M Multifamily Property in Crown Heights, Brooklyn

Heritage Equity Partners developers sold their luxury apartment, The Frederick, reflecting how far the neighborhood’s reputation has come in the past three decades.

NEW YORK CITY—Harbor Group International, a privately-owned real estate investment and management firm, and investor Image Capital, purchased the newly built multifamily apartment building called The Frederick, located at 564-570 St. Johns Place in Crown Heights, Brooklyn. The developers, Toby Moskovitz and Michael Lichtenstein of Heritage Equity Partners, sold the development for $117 million.

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About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With $12.5 billion in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 35 years of experience in the industry and over 1,000 employees worldwide, HGI continues to look for real estate investment opportunities.

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Harbor Group International controls $12.5 billion in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.