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

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.