Rosewood Realty Group Represents Barberry Rose Management In $12.55M Sale Of Multifamily Buildings In Fort George

Located in the Fort George market, the property at 1520-1526 Saint Nicholas Ave. recently changed hands in a closed sale. The asset is a multifamily property comprising two contiguous five-story walk-up apartment buildings. In total, the property offers 43 apartments and 6 retail spaces. The transaction was facilitated by brokers Aaron Jungreis and Ben Khakshoor of Rosewood Realty Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,550,000
• Square Footage: 39,832
• Price per Square Foot: $315
• Market: Fort George
• Buyer: Not disclosed
• Seller: Barberry Rose Management - Lewis Barbanel
• Brokers: Aaron Jungreis & Ben Khakshoor - Rosewood Realty Group
• Date: 07/07/2021
• Image: Aaron Jungreis & Ben Khakshoor

While the buyer's identity has not been revealed, it is notable that the property was sold by Barberry Rose Management, with Lewis Barbanel acting as the seller. This transaction demonstrates the strong investment interest in the Fort George market, as well as the expertise of Aaron Jungreis and Ben Khakshoor from Rosewood Realty Group in navigating successful deals within the multifamily sector.