Carlyle Group Acquires 51-Unit Multifamily Building In Gowanus Brooklyn For $32.1M
New York
See Similar DealsCarlyle Group Acquires 51-Unit Multifamily Building In Gowanus Brooklyn For $32.1M
438 4th Avenue
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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.
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