Carlyle Group Acquires MultiFamily Property In Williamsburg, Brooklyn For $4.1M

A four-unit 1-4 family building located at 11 Stagg Street in Williamsburg, Brooklyn, has been sold for $4.1 million. The property, acquired by the Carlyle Group from Greenbrook Partners' entity, 11 Stagg St, LLC, features a total square footage of 3,750 square feet. The purchase price per square foot is $1,093. The building has a buildable square footage of 4,998, resulting in a price per buildable square foot of $820.

Summary of transaction details

• Property Type: MultiFamily
• Sale Price: $4,100,000
• Square Footage: 3,750
• Price per Square Foot: $1,093
• Buildable Square Footage: 4,998
• Price per Buildable Square Foot: $820
• Address: 11 Stagg Street, Williamsburg, Brooklyn
• Buyer: Carlyle Group - Carter Martin
• Seller: Greenbrook Partners - Gregory Fournier

The Carlyle Group, represented by Carter Martin, completed the purchase of this multi-family property from Greenbrook Partners, represented by Gregory Fournier. The transaction took place on 07/27/2023. The buyers acquired the building for a significant amount, reflecting the value of the property and its potential for future development or rental income.