8 Marcy Ave. in Williamsburg, Brooklyn

Carlyle Group, Z+G Property Group Acquire 8 Marcy Ave. in Williamsburg, Brooklyn for $97.5 Million

by Channing Hamilton

BROOKLYN, N.Y. — A joint venture between The Carlyle and Z+G Property Group has acquired 8 Marcy Ave., an eight-story building in the Brooklyn neighborhood of Williamsburg, from Prospect Development for $97.5 million. JLL Capital Markets brokered the deal. The building was delivered in January. The community offers studio, one- and two-bedroom floor plans. Of the total 123 units, 37 are affordable. Income restrictions for these units were not disclosed.

The JLL Capital Markets Investment Sales and Advisory team representing the seller included Ethan Stanton, Jeffrey Julien, Brendan Maddigan, Stephen Palmese, Rob Hinckley, Michael Mazzara, Winfield Clifford, Steven Rutman and Jay Leshinsky.  JLL’s Capital Markets Debt Advisory team included Steven Klein, Geoff Goldstein and Christopher Pratt.

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