Carlyle, Z+G Property Buy Brooklyn Apartment Building for $105M

NEW YORK CITY — Local private equity firm The Carlyle Group, in partnership with operator Z+G Property Group, has purchased a 132-unit apartment building in Brooklyn for $105 million. The 13-story, newly constructed building is located at 130 Second St. in the borough’s Gowanus neighborhood and consists of 99 market-rate apartments and 33 affordable housing units. Amenities include a rooftop terrace with outdoor kitchens, a fitness center and coworking and media lounges, as well as 11,900 square feet of retail space. Ethan Stanton, Jeffrey Julien, Rob Hinckley, Steven Rutman, Brendan Maddigan and Mike Mazzara of JLL represented the seller, a joint venture between Joyland, Meral Property Group and The Loketch Group, in the transaction along with the buyer. Geoff Goldstein and Steven Klein, also with JLL, arranged an $80 million acquisition loan through Invesco Real Estate for the deal.