The Carlyle Group Acquires MultiFamily Asset At 115 Pacific Street Cobble Hill For $7.075M

The asset involved in this transaction is a MultiFamily property located at 115 Pacific Street in the Cobble Hill neighborhood of Brooklyn. The sale price of the property was set at $7,075,000, which translates to a price per unit of $1,415,000. The total square footage of the property is 5,720, leading to a price per square foot of $1,236. The property consists of 5 units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,075,000
• Units: 5
• Price Per Unit: $1,415,000
• Square Footage: 5,720
• Price Per Square Foot: $1,236
• Buyer: The Carlyle Group
• Seller: Ryco Capital
• Seller's Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Samantha Katz - Investment Property Realty Group (IPRG)

This transaction features prominent individuals and a reputable firm in the real estate market. The Carlyle Group acted as the buyer, engaging in the acquisition, while Ryco Capital served as the seller. The transaction was facilitated by a team of representatives from Investment Property Realty Group, showcasing expertise in property dealings.