Carlyle, Greenbrook pay $2.5M to CW Realty Group for 4-family in Ridgewood

Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $2.5 million to CW Realty Group through the entity 286 Onderdonk LLC for the four-unit building (C3) at 286 Onderdonk Avenue in Ridgewood, Queens. The expected use is cash flowing.
The deal closed on July 9, 2025 and was recorded on July 31, 2025. The property has 3,100 square feet of built space and 275 square feet of additional air rights for a total buildable of 3,375 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $796 and the price per buildable square foot is $731 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on January 12, 2015, for $1,000,000. The signatory for CW Realty Group was Perl Weisz . The signatory for Carlyle Group and Greenbrook Partners was Jennifer Lico . The contract date was May 16, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Carlyle Group purchased 85 properties in 82 transactions for a total of $1.2 billion and sold 32 properties in three transactions for a total of $114 million over the past 24 months.
The seller CW Realty Group purchased two properties in one transaction for a total of $15.8 million and sold one property in one transaction for a total of $7 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Perl Weisz, head officer and Shaye Falkowitz, agent. The business entity is 286 Onderdonk Llc.

The property

The 1-4 family building with 4 residential units in Ridgewood has 3,100 square feet of built space and 275 square feet of additional air rights for a total buildable of 3,375 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. The zoning is R5B which allows for up to 1.35 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $580,000.

Violations and lawsuits

The property was involved in one lawsuit and zero bankruptcies over the past two years. The suit was a $2 million commercial foreclosure concerning a loan filed on June 30, 2025, by Kearny Bank against Cheskie Weisz and CW Realty Group. In addition, according to city public data, the property has received $800 in ECB penalties, six housing violations, and $900 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

There are no active new building construction projects on this tax block.

All properties are industrial.

The seller

The PincusCo database currently indicates that Cw Realty Group owned at least 29 commercial properties with 367 residential units in New York City with 298,774 square feet and a city-determined market value of $63.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 49 percent of the 298,774 square feet of built space are elevator properties, with walkup properties next occupying 38 percent of the space. The bulk, or 86 percent of the built space, is in Brooklyn, with Queens next at 10 percent of the space.

The buyer

The PincusCo database currently indicates that Greenbrook Partners owned at least 333 commercial properties with 1,649 residential units in New York City with 1,506,387 square feet and a city-determined market value of $496.1 million. (Market value is typically about 50% of actual value.) The portfolio has $358 million in debt, with top three lenders as Invesco Real Estate, Rialto Capital Management, and MP Real Estate Capital respectively. Within the portfolio, the bulk, or 50 percent of the 1,506,387 square feet of built space are walkup properties, with C0 properties next occupying 13 percent of the space. The bulk, or 96 percent of the built space, is in Brooklyn, with Queens next at 4 percent of the space.
The PincusCo database currently indicates that Carlyle Group owned at least 332 commercial properties with 3,821 residential units in New York City with 4,144,589 square feet and a city-determined market value of $969.1 million. (Market value is typically about 50% of actual value.) The portfolio has $895.7 million in debt, with top three lenders as PGIM Real Estate, Invesco, and Prudential Financial respectively. Within the portfolio, the bulk, or 38 percent of the 4,144,589 square feet of built space are elevator properties, with industrial properties next occupying 29 percent of the space. The bulk, or 49 percent of the built space, is in Brooklyn, with Queens next at 31 percent of the space.

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