Nirav Desai pays $2.1M to Barberry Rose for 14-unit walkup in Washington Heights

Nirav Desai through the entity 350 Audubon Realty LLC paid $2.1 million to Barberry Rose Management Company through the entity 350 Audubon Holding LLC for the 14-unit residential walkup building (C4) at 350 Audubon Avenue in Washington Heights, Manhattan. The expected use is cash flowing.
The deal closed on November 4, 2025 and was recorded on November 10, 2025. The property has 11,205 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $191 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on August 25, 2005, for $1.5 million. The signatory for Barberry Rose Management Company was Lewis M. Barbanel . The signatory for Nirav Desai was Nirav Desai. The contract date was August 6, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Barberry Rose Management Company had not purchased any other properties and sold 10 properties in seven transactions for a total of $48.2 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Lewis Barbanel, head officer and Azriel Graeber, officer. The business entities are Barberry Rose Mgmt Co. Inc. and 350 Audubon Holding Llc. The 11,205-square-foot property generated revenue of $301,876 or $27 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 14 residential units in Washington Heights has 11,205 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 104 feet deep with a total lot size of 2,623 square feet. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.1 million. The property has 8 rent regulated units according to city tax records from 2023.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received 23 housing violations and $1,310 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 14 of the 45 commercial properties representing 215,467 square feet of the 420,645 square feet. The largest owner is Kew Management, followed by Triarch Real Estate Group and then Clairmont Group.
On the tax block, there was one new building construction project filed totaling 7,891 square feet. It is a eight-unit, 7,891 square-foot residential (R-2) building submitted by Mordechai Weinstock and filed by Mordechai Weinstock with plans filed March 22, 2018 and permitted June 25, 2019.

The majority, or 54 percent of the 420,645 square feet of built space are walkup buildings, with elevator buildings next occupying 18 percent of the space.

The seller

The PincusCo database currently indicates that Barberry Rose Management Company owned at least six commercial properties with 105 residential units in New York City with 145,586 square feet and a city-determined market value of $24.3 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 41 percent of the 145,586 square feet of built space are elevator properties, with mixed-use properties next occupying 29 percent of the space. The bulk, or 52 percent of the built space, is in Brooklyn, with Manhattan next at 48 percent of the space.

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