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:
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Address: 130 2nd Street
- Market: Brooklyn
- RSF: 104,875
- PPRSF: $1,001
- Buyer: Z+G Property Group & Carlyle Group
- Seller: Joyland, Meral Property Group & Loketch Group
- Agents: Ethan Stanton, Jeffrey Julien, Steven Rutman, Rob Hinckley, Brendan Maddigan & Michael Mazzara - JLL
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
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