Greenbrook Partners pays $15M to Kupferman family for rental in Park Slope

UPDATED WITH CLARIFICATION: Greenbrook Partners through the entity 70 PPW, LLC paid the Kupferman family’s 3M Associates Limited Liability Company $15 million for 70 Prospect Park West in Park Slope. The deal closed on March 19, 2021 and was recorded on March 26, 2021. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 30 residential units. The property is 36,636 square feet.
The sale price per unit is $500,000.

Scott Kupferman bought the property in 1995 at a foreclosure sale for $950,000. Greenbrook has purchased at least 29 properties totaling $160 million since mid-2019, making it among the most active buyers in the city during the past two years, according to data PincusCo is tracking. A source familiar with the firm said the figure is closer to $300 million through 75 to 80 transactions.
Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $773,600.

Direct link to Acris document. link
The signatory for the buyer was Gregory Fournier.

CLARIFICATION: A prior version of the story did not include information from a source familiar with Greenbrook’s transactions which provided a figure of approximately $300 million and 75 to 80 acquisitions since 2019.