Updated Apr 9, 2025
Lewis Barbanel Of Barberry Rose Management Purchases Multifamily Property From Larry Hirschfield For $12.5M
390 Wadsworth Avenue
$12,500,000
$250/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Sep 14, 2017
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 390 Wadsworth Avenue in the New York market. The sale was executed at a price of $12,500,000.00 and encompasses a total square footage of 50,000.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $12,500,000.00
- Address: 390 Wadsworth Avenue
- Market: New York
- Square Footage: 50,000.0
- Buyer: Lewis Barbanel (Barberry Rose Management)
- Seller: Larry Hirschfield
- Brokers: Shlomo Antebi (Atlas Realty Group), Sasha Berg (GFI Realty Services)
This transaction features key participants including Lewis Barbanel representing Barberry Rose Management as the buyer, and Larry Hirschfield as the seller. Shlomo Antebi from Atlas Realty Group and Sasha Berg from GFI Realty Services acted as the brokers, facilitating the deal.
On the Map
$12,500,000
$250/SF
MultiFamily
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Players
New York 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93