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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

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SOLD
$6,000,000

New York

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MultiFamily5,900 SF
Sold 08/07/2025
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Property Image
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 Deals
MultiFamily5,900 SF
Sold 08/07/2025
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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.

Players

6 deals$42.4M volume
BUYER

Carlyle Group
BUYER


SM
10 deals$295M volume
SELLER

Details

SOLD
IMAGE: Samy Mahfar, Harvey M. Schwartz & Jay Greenberg DATE: 08/07/2025 ADDRESS: 333 Warren Street MARKET: Boerum Hill, Brooklyn ASSET TYPE: Multifamily BUYER: Harvey M. Schwartz - Carlyle Group (@OneCarlyle) & Jay Greenberg - Z+G Property Group (@ZGPropertyGroup) SELLER: Samy Mahfar - SMA Equities SALE PRICE: $6,000,000 UNITS: 8 ~ PPU: $750,000 SF: 5,900 ~ PPSF: $1,017 NOTE: Carlyle Group and Z+G Property Group bought an eight-unit walkup at 333 Warren Street in Boerum Hill for $6M from SMA Equities.

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Deal Type
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