Carlyle Group Acquires Multifamily In East Flatbush, Brooklyn For $14.5M

An industrial building at 651 Utica Avenue in East Flatbush, Brooklyn, was sold for $14.5 million. The property spans 35,589 square feet, resulting in a price per square foot of $407. The transaction took place between Equity Resource Investments, SNL Storage, and the buyer, Wonjoong Kim of Carlyle Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Buyer: Wonjoong Kim - Carlyle Group
• Seller: Equity Resource Investments & Eggert Dagbjartsson - SNL Storage
• Market: East Flatbush, Brooklyn
• Address: 651 Utica Avenue

Carlyle Group, through SS NYC Utica, L.L.C., was the entity that acquired the industrial building in this transaction. The sale involved parties like Wonjoong Kim as the buyer's representative and the sellers, Equity Resource Investments, and Eggert Dagbjartsson, represented by SNL Storage. The deal showcases the involvement of key individuals and companies in the real estate market, highlighting the collaborative efforts that led to the successful completion of the sale.