Barberry Rose Management Acquires 3 Apartment Buildings In Brooklyn For $11.3M

Three apartment buildings located at 1193, 1195, and 1205 Eastern Parkway in Brooklyn, New York, were recently sold in a closed property transaction. The properties are owned by Albert Srour and were purchased by Barberry Rose Management, represented by Lewis Barbanel. The deal was brokered by Lev Mavashev of Alpha Realty. The total transaction price for the three buildings was $11,300,000, and the buildings consist of a total of 49 units.

Summary of transaction details

• Property Type: 3 Apartment Buildings
• Transaction Amount: $11,300,000
• Seller: Albert Srour
• Buyer: Barberry Rose Management - Lewis Barbanel
• Broker: Lev Mavashev, Alpha Realty
• Address: 1193, 1195, and 1205 Eastern Parkway, Brooklyn, New York
• Units: 49

The deal was finalized on February 13, 2018. Albert Srour sold his properties to Barberry Rose Management, with Lewis Barbanel representing the buyer. The transaction was facilitated by Lev Mavashev, a broker from Alpha Realty. The sale of the three apartment buildings demonstrates the continuous activity in the Brooklyn market. Both the buyer and the seller capitalized on the opportunities presented in the market.