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130 2nd Street

Z&G Property Group And Carlyle Group Acquire Multifamily Asset In Brooklyn For $105M
SOLDMultiFamily

Z&G Property Group And Carlyle Group Acquire Multifamily Asset In Brooklyn For $105M

130 2nd Street

$105,000,000

$808/SF

Building Size

129,905 SF

Asset Type

MultiFamily

Closing

Dec 29, 2025

AI

The property asset involved in this transaction is a multifamily building located at 130 2nd Street in Brooklyn. The sale was completed for a transaction amount of $105,000,000, encompassing a total square footage of 104,875 RSF, resulting in a price per RSF of $1,001.

Summary of transaction details:

This transaction involved prominent players in the real estate sector. The buyers, Z+G Property Group and Carlyle Group, were represented by a team of brokers from JLL, consisting of Ethan Stanton, Jeffrey Julien, Steven Rutman, Rob Hinckley, Brendan Maddigan, and Michael Mazzara. The sellers included Joyland, Meral Property Group, and Loketch Group, marking a significant transaction in the multifamily market segment.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
JLL
JLLBrokerage
Carlyle Group
Carlyle GroupBuyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93