Investment firm Carlyle is continuing its self-storage buying spree.
The private equity giant has purchased another self-storage facility in New York, this time in East Flatbush, Brooklyn. It spent $50 million on the property at 1-19 Remsen Ave., according to a deed just made available on the public record.
The purchase marks at least the sixth self-storage building the private equity giant has scooped up in the five boroughs, bringing the firm’s investment in the sector to about $178 million.
Carlyle’s self-storage portfolio now includes 145 18th St. in Greenwood Heights, purchased for $25.6 million; 163 Sackman St. in Brownsville, purchased for $20 million; 651 Utica Ave. in East Flatbush, purchased for $14.5 million; 302 Dyckman St. in Inwood for $17 million; 74-16 Grand Ave. in Elmhurst, Queens, purchased for $51 million. All properties were bought in 2024.
Kenneth Cayre, founder of Cayre Equities, signed the deed for the seller. The powerful Cayre family owns dozens of retail and office properties across the city. The company purchased the self-storage facility for $13 million in 2015.
Jason Hart, a managing director at Carlyle, signed for the buyer.
The self-storage bonanza is a shift from Carlyle’s main residential portfolio. The firm owns several residential buildings in Brooklyn. Those include the 23-unit 25 Lexington Ave. in Clinton Hill, which it bought in 2022 for $17 million; the 123-unit 8 Marcy Ave. in Williamsburg, which it bought in 2023 for $97.5 million; and the building planned for 267 Bond St. in Gowanus, which it bought a majority stake in for $100 million in May. In Manhattan, the group owns the 150-unit 165 E. 66th St, which it bought for $128 million in November.
