SOLD
Carlyle & ZG Property Group Acquires Multifamily Property In New York City For $97.5M
8 Marcy Avenue
MultiFamily
107,903 SF
107,903 SF
Sold 282 days ago
Summary
Sale
NEW YORK
MultiFamily
107,903 sqft
The multifamily property located at 8 Marcy Avenue in New York City has been sold for a total of $97,500,000. The property consists of 123 units, equating to an average price per unit of $792,683. The total square footage of the property is 73,396, with a price per square foot of $1,328.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $97,500,000
- Address: 8 Marcy Avenue, New York City
- Units: 123
- Price per Unit: $792,683
- Square Footage: 73,396
- Price per Square Foot: $1,328
The buyer, Carlyle & ZG Property Group, acquired the property from Prospect Development, represented by Joel Wertzberger and Konstantin Gubareff. The sale was facilitated by a team of brokers consisting of Ethan Stanton, Brendan Maddigan, Michael Mazzara, Stephen Palmese, Winfield Clifford, Jay Leshinsky, Jeffrey Julien, Rob Hinckley, and Steven Rutman from JLL.
Players
All
10
Agents
9
Agencies
1
Details
SOLD
IMAGE: Stephen Palmese, Winfield Clifford, Brendan Maddigan, Jay Leshinsky, Ethan Stanton, Michael Mazzara, Jeffrey Julien, Rob Hinckley, Steven Rutman & Konstantin Gubareff
DATE: 07/26/2023
ADDRESS: 8 Marcy Avenue
MARKET: New York City
ASSET TYPE: Multifamily
BUYER: Carlyle (@OneCarlyle) & ZG Property Group (@ZGPropertyGroup)
SELLER: Prospect Development - Joel Wertzberger & Konstantin Gubareff
BROKERS: Ethan Stanton, Brendan Maddigan (@BrendanMaddigan), Michael Mazzara, Stephen Palmese (@StephenPalmese), Winfield Clifford, Jay Leshinsky, Jeffrey Julien, Rob Hinckley & Steven Rutman - JLL (@JLL)
SALE PRICE: $97,500,000
UNITS: 123 ~ PPU: $792,683
SF: 73,396 ~ PPSF: $1,328View on map
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Address8 Marcy Avenue
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