Elliot And Barbara Cooperstone Purchase Former Upper East Side Co-Op For $11.6M

A co-op located at 785 Fifth Avenue in the Upper East Side market has been sold for $11,600,000. The asset was formerly owned by Bob Rosenkranz and had been on the market for nearly five years, undergoing a significant price reduction from its original asking price of $20 million.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $11,600,000
• Buyer: Elliot Cooperstone & Barbara Cooperstone
• Broker: Deborah Grubman - The Corcoran Group

This transaction involved Elliot Cooperstone, the founder of InTandem Capital Partners, and his wife, Barbara Cooperstone, acquiring the property through their broker, Deborah Grubman, representing the sellers.