Carlyle Group expands footprint with $105 million Gowanus buy

GOWANUS — A 13-STORY, 132-unit apartment building on the edge of the Gowanus Canal has sold for $105 million, marking another major New York acquisition by private equity firm the Carlyle Group, Crain’s New York Business reports.

 Carlyle, alongside operating partner Z+G Property Group, recently bought the 130 Second St. property, which was completed last year, from a group of sellers, with the aid of an $80 million loan. The project includes 99 market-rate apartments and 33 affordable units, along with roughly 12,000 square feet of vacant ground-floor retail. JLL represented both sides.

Carlyle has been steadily expanding its Brooklyn and Queens portfolio, snapping up small rental buildings and self-storage facilities over the past 15 months, signaling continued institutional appetite for New York multifamily despite higher interest rates.

✰✰✰

9/11 memorial events in Brooklyn

Americans mark the 24th anniversary of the 9/11 attacks with emotional ceremonies

Volunteers prep millions of meals for fellow New Yorkers on 24th anniversary of 9/11

✰PREMIUM
Canarsie Park holds 9/11 vigil, other ceremonies hosted throughout Brooklyn

Leave a Comment