facebook
Traded Co logo
Submit

Ben Bernstein Of Osiris Ventures Acquires Multifamily Asset From Leny Group For $57.5M

Property Image
SOLD
$57,500,000
Jeff Organisciak
Gary Phillips
+ 1

New York

See Similar Deals
MultiFamily85,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Ben Bernstein Of Osiris Ventures Acquires Multifamily Asset From Leny Group For $57.5M

190 Berry Street

See Similar Deals
MultiFamily85,000 SF
Sold
Jeff Organisciak
Gary Phillips
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$676
Total Square Footage:85000 SF
Transaction Type:Sale

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

Jeff Organisciak
35 deals$8.7B volume
BROKER

Gary Phillips
Eastdil Secured
91 deals$35.6B volume
BROKER

Will Silverman
Eastdil Secured
74 deals$28.8B volume
BROKER

Eastdil Secured
BROKERAGE

Ben Bernstein
6 deals$129.7M volume
BUYER

Details

SOLD
IMAGE: Gary Phillips, Jeff Organisciak & Will Silverman DATE: 7/1/2025 ADDRESS: 190 Berry Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Ben Bernstein - Osiris Ventures SELLER: Leny Group BROKERS: Gary Phillips (@Garyty123), Will Silverman (@Wilverman1978) & Jeff Organisciak - Eastdil Secured (@EastdilSecured) SALE PRICE: $57,500,000 SF: 85,000 ~ PPSF: $676

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,066,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$204,285.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$272,579.34
Annual Debt Service$3,270,952.02