SOLD
Barberry Rose Mgmt Acquires Multifamily Property In East Flatbush, Brooklyn For $6.5M
488 Rockaway Parkway
MultiFamily
30,000 SF
30,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
30,000 sqft
A multifamily property located at 488 Rockaway Pkwy in East Flatbush, Brooklyn has been sold for $6.5 million. The building spans approximately 30,000 square feet, resulting in a price per square foot of $216. The transaction took place on March 18, 2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6.5M
- Address: 488 Rockaway Pkwy
- Market: East Flatbush, Brooklyn
The seller of the property was the Silverstein Family, while the buyer was Barberry Rose Management represented by Lewis Barbanel. The deal was facilitated by Jeffrey Znaty of Kassin Sabbagh Realty. Notably, the building was delivered with a 30% vacancy rate. The property had been under the same ownership for over 50 years.
Players
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2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Jeffrey Znaty
DATE: 03/18/2019
ADDRESS: 488 Rockaway Pkwy
MARKET: East Flatbush, Brooklyn
ASSET TYPE: Multifamily
SELLER: Silverstein Family
BUYER: Barberry Rose Mgmt - Lewis Barbanel
BROKER: Jeffrey Znaty - Kassin Sabbagh Realty
SALE PRICE: $6.5M.5
SF: 30K ~ PPSF: $216
NOTE: Building was delivered 30% vacant and has been in same ownership for over 50 years!View on map
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Address488 Rockaway Parkway
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