Son Dinh Tran pays $12.6M to Barberry Rose for two rentals in Washington Heights

Son Dinh Tran through the entity 1520-1526 St Nicholas Ave LLC paid $12.6 million to Barberry Rose Management through the entity 1520-26 St. Nicholas Holding LLC for 24-unit rental (C7) at 1520 St Nicholas Avenue in Washington Heights, Manhattan and 18-unit rental (C7) at 1526 St Nicholas Avenue in Washington Heights, Manhattan.
The deal closed on July 21, 2021 and was recorded on August 13, 2021.
The two properties have 39,832 square feet of built space and 0 square feet of additional air rights for a total buildable of 34,400 square feet according to PincusCo analysis of city data. The sale price per built square foot is $315 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 signatory for Barberry Rose Management was Lewis M. Barbanel. The signatory for Son Dinh Tran was Son Dinh Tran.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
The former owners according to the Department of Housing Preservation and Development included Lewis Barbanel, head officer and Robert Silverman, officer. The business entities are Barberry Rose Mgmt Co. Inc. and 1520-26 St Nicholas Holding Llc.

Within a 400-foot radius of 1520 St Nicholas Avenue, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on October 3, 2019 for the $450,000.0 renovation of 4,521-square-foot R-2 building with seven residential units at 605 W 187th Street.
One of those three items was a sale which SDG Management bought the 46,862-square-foot, 46-unit rental (D7) on 1509 St Nicholas Avenue for $7.7 million from Mitchell Hirth on January 8, 2021.
One of those three items was a loan which SDG Management borrowed $7.3 million from Signature Bank secured by the 46,862-square-foot, 46-unit rental (D7) on 1509 St Nicholas Avenue on January 8, 2021.

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