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
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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