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
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