JLL Capital Markets recently announced that that it has arranged the $105 million sale of 130 Second St., a newly constructed multifamily property located in the heart of the Gowanus neighborhood in Brooklyn.
JLL represented the seller, a joint venture between Joyland, Meral Property Group and The Loketch Group, as well as the buyer, global investment company The Carlyle Group and their operating partner Z+G Property Group. JLL also arranged an $80 million acquisition loan through Invesco Real Estate.
The property was developed by Konstantin Guberoff, CEO of Prospect Developers and operated by Joyland Management, led by Judy Wolcowitz. Completed earlier this year, 130 Second St. is a 13-story, institutional-quality multifamily building featuring 99 market-rate residences and 33 affordable units, all with condo-quality finishes, expansive floor-to-ceiling windows, central HVAC, in-unit washer/dryers and high-end appliance packages. A comprehensive amenity package includes a landscaped rooftop terrace with outdoor kitchens, a fitness center with double-height ceilings, coworking and media lounge spaces. The property also includes 11,900 square feet of ground-floor retail space.
The JLL Investment Sales Advisory team that arranged the transaction was led by Ethan Stanton, Jeffrey Julien, Rob Hinckley, Steven Rutman, Brendan Maddigan and Mike Mazzara. The JLL Debt Advisory team was led by Geoff Goldstein and Steven Klein.
According to JLL Research, Brooklyn and Queens multifamily transaction volume has been the strongest in New York City to date, with sales reaching $2.1B in through Q3 and surpassing 2024’s annual investment volume.
JLL’s Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
