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333 Warren Street

Harvey M. Schwartz Of Carlyle Group And Jay Greenberg Of Z&G Property Group Buy Multifamily In Boerum Hill For $6M
SOLDMultiFamily

Harvey M. Schwartz Of Carlyle Group And Jay Greenberg Of Z&G Property Group Buy Multifamily In Boerum Hill For $6M

333 Warren Street

$6,000,000

$1,016/SF

Building Size

5,900 SF

Asset Type

MultiFamily

Closing

Aug 7, 2025

AI

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.

Players

Jay Greenberg

Buyer

$76M

vol

7 deals

Buyer
Carlyle Group
Carlyle GroupBuyer

Samy Mahfar

SMA Equities

Seller

$295M

vol

10 deals

Seller
SMA Equities
SMA EquitiesSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93