Ben Bernstein Of Osiris Ventures Acquires Multifamily Asset From Leny Group For $57.5M
190 Berry Street
$57,500,000
$676/SF
Building Size
85,000 SF
Asset Type
MultiFamily
Closing
Jun 30, 2025
AI
The property asset involved in the transaction is located at 190 Berry Street in Brooklyn, categorized as a multifamily dwelling. It was sold for a total price of $57,500,000. The property encompasses a total of 85,000 square feet, resulting in a price per square foot of $676.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $57,500,000
- Address: 190 Berry Street
- Market: Brooklyn
- Square Footage: 85,000
- Price per Square Foot: $676
- Buyer: Ben Bernstein - Osiris Ventures
- Seller: Leny Group
- Broker Representation: Gary Phillips, Will Silverman & Jeff Organisciak - Eastdil Secured
The deal was executed involving key individuals, including buyer Ben Bernstein representing Osiris Ventures and the seller Leny Group. The brokerage team facilitating the transaction comprised Gary Phillips, Will Silverman, and Jeff Organisciak from Eastdil Secured.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93