Greenbrook, Carlyle pays $2.6M to Rabia Yaghoubzadeh for 3-family in Bushwick

Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.6 million to Rabia Yaghoubzadeh through the entity 2626 Bricks LLC for the three-unit building (C0) at 866 Bushwick Avenue in Bushwick, Brooklyn. The expected use is cash flowing.
The deal closed on August 27, 2025 and was recorded on September 8, 2025. The property has 3,800 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $690 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 October 31, 2023, for $1.3 million. The signatory for Rabia Yaghoubzadeh was Babak Pourtavoosi . The signatory for Greenbrook Partners and Carlyle Group was Jennifer Lico . The contract date was June 23, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Greenbrook Partners purchased 79 properties in 76 transactions for a total of $323.2 million and sold 23 properties in 23 transactions for a total of $136.9 million over the past 24 months.
The seller Rabia Yaghoubzadeh had not purchased any other properties and sold two properties in two transactions for a total of $6 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Joseph Yaakovzadeh, head officer and Rabi Yaghoubzadeh, officer. The business entity is 2626 Bricks Llc.

The property

The 1-4 family building with 3 residential units in Bushwick has 3,800 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 73 feet deep with a total lot size of 1,480 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.8 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received two housing violations and $50 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

On this tax block, PincusCo has identified the owners of three of the 18 commercial properties representing 15,206 square feet of the 68,372 square feet. The largest owner is Joel Iliovits, followed by Blas Taveras and then Dagoberto Mederos.
On the tax block, there were three new building construction projects totaling 21,242 square feet. The largest is a 10-unit, 7,768 square-foot residential (R-2) building submitted by Yehuda Kohn with plans filed February 28, 2019 and it has not been permitted yet. The second largest is a eight-unit, 7,413 square-foot residential (R-2) building submitted by Michael Kandinov and filed by Michael Kandinov with plans filed January 9, 2025 and it has not been permitted yet.

The majority, or 50 percent of the 68,372 square feet of built space are mixed-use buildings, with walkup buildings next occupying 47 percent of the space.

The seller

The PincusCo database currently indicates that Rabia Yaghoubzadeh owned at least three commercial properties with 16 residential units in New York City with 10,261 square feet and a city-determined market value of $4.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 66 percent of the 10,261 square feet of built space are walkup properties, with C0 properties next occupying 34 percent of the space. They are all located in Brooklyn.

The buyer

The PincusCo database currently indicates that Greenbrook Partners owned at least 341 commercial properties with 1,674 residential units in New York City with 1,517,923 square feet and a city-determined market value of $507.5 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 48 percent of the 1,517,923 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 339 commercial properties with 3,863 residential units in New York City with 4,182,145 square feet and a city-determined market value of $982.4 million. (Market value is typically about 50% of actual value.) The portfolio has $932.9 million in debt, with top three lenders as Invesco, PGIM Real Estate, and Prudential Financial respectively. Within the portfolio, the bulk, or 38 percent of the 4,182,145 square feet of built space are elevator properties, with industrial properties next occupying 28 percent of the space. The bulk, or 49 percent of the built space, is in Brooklyn, with Queens next at 30 percent of the space.

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