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559 17th Street

Harvey M. Schwartz Of Carlyle Group Purchases Mixed-Use Buildings From Jay Greenberg For $5.7M
SOLDMixed-use

Harvey M. Schwartz Of Carlyle Group Purchases Mixed-Use Buildings From Jay Greenberg For $5.7M

559 17th Street & 557 17th Street New York

$5,700,000

$346/SF

Building Size

8,219 SF

Asset Type

Mixed-use

Closing

Dec 4, 2025

AI

The transaction involves the sale of two adjacent mixed-use buildings located at 559 17th Street and 557 17th Street in Windsor Terrace, Brooklyn. The properties were sold for a combined price of $5,700,000. The buildings encompass a total of 8,219 square feet and consist of 9 residential units, resulting in a price per unit of $633,333 and a price per square foot of $694.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,700,000
  • Units: 9
  • Square Footage: 8,219
  • Price Per Unit: $633,333
  • Price Per Square Foot: $694
  • Buyer: Harvey M. Schwartz - Carlyle Group
  • Seller: Jay Greenberg - Z+G Property Group

In this transaction, Harvey M. Schwartz represents the Carlyle Group, while Jay Greenberg represents Z+G Property Group, facilitating the successful acquisition of the assets between the two parties.

Players

Carlyle Group
Carlyle GroupBuyer
Z+G Property Group
Z+G Property GroupSeller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93