Barberry Rose Management Acquires Multifamily Property In Brooklyn For $4.8M

The multifamily property located at 290 East 53rd Street in New York City has been sold for $4,825,000. The property, owned by the Estate of Toby Grushko, was purchased by Barberry Rose Management, represented by Lewis Barbanel. The transaction was brokered by Michael Guttman and Aaron Jungreis from Rosewood Realty Group. The property spans 25,836 square feet and consists of 27 units, with an average price per square foot of $186.00 and a price per unit of $178,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,825,000
• Address: 290 East 53rd Street, New York, NY
• Market: Brooklyn
• Buyer: Barberry Rose Management - Lewis Barbanel
• Seller: Estate of Toby Grushko
• Broker: Rosewood Realty Group - Michael Guttman & Aaron Jungreis
• Total Square Footage: 25,836
• Price Per Square Foot: $186.00
• Total Units: 27
• Price Per Unit: $178,000

Barberry Rose Management, led by Lewis Barbanel, successfully acquired the multifamily property located at 290 East 53rd Street in Brooklyn, New York. This acquisition marks an important step for Barberry Rose Management in expanding its portfolio in the Brooklyn market. Michael Guttman and Aaron Jungreis from Rosewood Realty Group played a key role in facilitating the transaction, ensuring a smooth and successful deal for all parties involved.