Flank pays $14M to buy out partner Carlyle Group for commercial condo units in Brooklyn Heights

Developer and architect Flank through the entity 71 Smith Street Retail LLC paid Carlyle Group and Flank’s 71 Smith Street Property Owner, L.L.C. $14.0 million for three commercial condominium units in 140 Schermerhorn Street in Brooklyn Heights. The deal closed on September 18, 2019, and was recorded on September 23, 2019. The transaction consists of 3 parcels, including the tax class other (OT).

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

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