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190 Berry Street

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

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

Jeff Organisciak

Eastdil Secured

Broker

$8.9B

vol

37 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage
Ben Bernstein

Ben Bernstein

Osiris Ventures

Buyer

$129.7M

vol

6 deals

Buyer

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