Carlyle Group Acquires $17M Rental In Clinton Hill, Brooklyn From Serabjit Singh

The property at 25 Lexington Avenue in Clinton Hill, Brooklyn, has been sold in a closed transaction. The asset type of the property is rental, with a total of 23 units. The sale took place on 09/12/2022.

Summary of transaction details

• Property Type: Rental
• Sale Price: $17,000,000
• Units: 23
• Price Per Unit (PPU): $739,130
• Square Footage (SF): 24,000
• Price Per Square Foot (PPSF): $708
• Address: 25 Lexington Avenue, Clinton Hill, Brooklyn

The buyer of the property is The Carlyle Group, while Serabjit Singh acted as the seller. The property was sold for a price of $17,000,000, with each unit priced at $739,130. The total square footage of the property is 24,000, resulting in a price per square foot of $708.