Barberry Rose Management Acquires Multi Family Building In Crown Heights For $11.45M

Barberry Rose Management, led by Lewis Barbanel, has acquired a multi-family property located at 826 Crown Street in Crown Heights, New York. The property, spanning 52,800 square feet, consists of 47 units. The transaction was closed on June 22, 2018, with a purchase price of $11,450,000. The price per square foot for the property was $217, and the price per unit was $243,000.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $11,450,000
• Square Footage: 52,800 sf
• Price per Square Foot: $217
• Number of Units: 47
• Price per Unit: $243,000
• Seller: Martin Kirzner
• Buyer: Barberry Rose Management - Lewis Barbanel
• Broker: Steven Vegh AnothaOne

During the transaction, Barberry Rose Management was represented by Steven Vegh from AnothaOne. The deal marks an important acquisition for Lewis Barbanel and further expands Barberry Rose Management's real estate portfolio in the Crown Heights market.