Investment Sales
Mann Group Buys Williamsburg Luxury Rentals From Clipper Equity for $122.5 Million
The newly completed 150-unit Casa Hope residential building in Brooklyn changes hands as New York developer exits its recently finished multifamily asset.
By OMI Desk ยท
The Brief
- The Mann Group acquired the 150-unit Casa Hope apartment building in Williamsburg for $122.5 million.
- Clipper Equity completed construction of the luxury rental property in 2023 before selling it.
- The transaction represents a major multifamily asset transfer in the Brooklyn residential market.
The Brief - The Mann Group acquired the 150-unit Casa Hope apartment building in Williamsburg for $122.5 million. - Clipper Equity completed construction of the luxury rental property in 2023 before selling it. - The transaction represents a major multifamily asset transfer in the Brooklyn residential market.
The Mann Group has purchased a newly completed luxury rental building in Williamsburg, Brooklyn, from Clipper Equity for $122.5 million. The transaction, which closed recently, transfers ownership of the 150-unit residential property located at 130 Hope Street.
What are the physical and occupancy characteristics of 130 Hope Street?
Completed in 2023 under the name Casa Hope, the multifamily asset contains 150 luxury rental apartments. The property is situated in the Williamsburg neighborhood of Brooklyn. Clipper Equity finished construction on the building just last year, positioned as a premium residential offering in the local submarket before electing to divest the completed asset to the Mann Group.
How do the transaction figures compare to previous property values?
The table below details the financial metrics associated with the transaction, highlighting the contract sale price and the scale of the multifamily asset.
| Property Metric | Value | | :--- | :--- | | Transaction Sale Price | $122,500,000 | | Total Residential Units | 150 | | Completion Year | 2023 |
Who are the primary entities involved in the transaction?
The seller of the property is Clipper Equity, a real estate investment and development firm that managed the construction of the building from its inception through its 2023 completion. The buyer is the Mann Group, a real estate investor and developer based in New York City. The acquisition represents a significant expansion of the Mann Group's multifamily holdings within the Brooklyn borough.
What are the reporting limits and source details of this transaction?
The transaction details were first reported by Commercial Observer, which learned of the off-market deal through industry sources. The published reports did not disclose the financing details behind the Mann Group's $122.5 million purchase, nor did they specify the brokers involved in negotiating the transaction. Additionally, representations regarding current occupancy rates or net operating income were not made public at the time of the initial reporting.
FAQ ### Where was this transaction first reported? The sale of 130 Hope Street was first reported by the Commercial Observer, which obtained the details of the transaction from real estate industry sources.
What was the building known as prior to the sale? Prior to the sale, the newly constructed luxury rental building at 130 Hope Street was dubbed Casa Hope by its developer, Clipper Equity.
Are the financing details of the acquisition publicly available? The initial reports of the $122.5 million transaction did not disclose the specific financing terms, lenders, or debt structures utilized by the Mann Group for the purchase.
Sources - [Commercial Observer](https://commercialobserver.com/2026/09/mann-group-aquisition-130-hope-street-williamsburg/)
Frequently Asked Questions
Where was this transaction first reported?
The sale of 130 Hope Street was first reported by the Commercial Observer, which obtained the details of the transaction from real estate industry sources.
What was the building known as prior to the sale?
Prior to the sale, the newly constructed luxury rental building at 130 Hope Street was dubbed Casa Hope by its developer, Clipper Equity.
Are the financing details of the acquisition publicly available?
The initial reports of the $122.5 million transaction did not disclose the specific financing terms, lenders, or debt structures utilized by the Mann Group for the purchase.