Carlyle Group Acquires 51-Unit Multifamily Building In Gowanus Brooklyn For $32.1M

A multifamily residential building located at 438 4th Avenue in Gowanus, Brooklyn, was sold for $32.1 million. The property consists of 51 units, featuring a total building square footage of 57,069 and a residential square footage of 56,868. The price per unit is calculated at $629,412, with a price per building square foot of $562 and price per residential square foot of $564.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $32,100,000
• Buyer: Harvey Schwartz - Carlyle Group
• Seller: Benjamin Werber - Werber Real Estate
• Units: 51
• Building Square Footage: 57,069
• Price Per Unit: $629,412
• Price Per Building Square Foot: $562
• Residential Square Footage: 56,868
• Price Per Residential Square Foot: $564

This transaction saw Harvey Schwartz from Carlyle Group acquiring the property from Benjamin Werber of Werber Real Estate, representing a notable decline in price compared to its previous acquisition in 2013, when it was purchased for $37.8 million.