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Harvey M. Schwartz Of Carlyle Group And Jay Greenberg Of Z&G Property Group Buy Multifamily In Boerum Hill For $6M
SOLD
$6,000,000
New York
See Similar DealsMultiFamily5,900 SF
Sold 08/07/2025
SOLD
Harvey M. Schwartz Of Carlyle Group And Jay Greenberg Of Z&G Property Group Buy Multifamily In Boerum Hill For $6M
333 Warren Street
See Similar DealsMultiFamily5,900 SF
Sold 08/07/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,016
Total Square Footage:5,900 SF
Transaction Type:Sale
A multifamily asset located at 333 Warren Street in Boerum Hill was sold for $6,000,000. The property comprises 8 units with a price per unit of $750,000. The total square footage of the building is 5,900, resulting in a price per square foot of $1,017.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 8
- Price per Unit: $750,000
- Square Footage: 5,900
- Price per Square Foot: $1,017
- Buyer: Harvey M. Schwartz - Carlyle Group
- Buyer: Jay Greenberg - Z+G Property Group
- Seller: Samy Mahfar - SMA Equities
- Date of Transaction: 08/07/2025
Carlyle Group and Z+G Property Group acquired the eight-unit walkup property from SMA Equities, led by Samy Mahfar. This transaction highlights the involvement of established entities in the multifamily market in Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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