The Carlyle Group Acquires Multifamily Asset At 76 Franklin Street For $6.64M

The asset involved in the transaction is a multifamily property located at 76 Franklin Street in Greenpoint. The sale price of the asset was $6,640,000, consisting of 8 units and a total square footage of 6,494. The price per unit calculated to be $830,000, while the price per square foot amounted to $1,022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,640,000
• Units: 8
• Square Footage: 6,494
• Price Per Unit: $830,000
• Price Per Square Foot: $1,022
• Buyer: The Carlyle Group
• Seller: Alex Lebowitz & Billy Haddad - Partners Path
• Buyer's Representative: Ari Harkov - Brown Harris Stevens
• Seller's Representatives: Michael Salvatico & Shaun Riney - Marcus & Millichap
• Date of Transaction: 9/5/2025

The Carlyle Group was the buyer in this transaction, while Alex Lebowitz and Billy Haddad, as partners in the selling entity, facilitated the sale through their representations by Michael Salvatico and Shaun Riney from Marcus & Millichap. Ari Harkov from Brown Harris Stevens represented the buyer, ensuring the smooth progression of the deal.