Yechiel Newhouse pays $9.2M to Barberry Rose for rental in Washington Heights

Yechiel Newhouse through the entity Hph 164th LLC paid $9.2 million to Barberry Rose Management Company through the entity Bsf 548 West 164th Street Holding LLC for 54-unit rental (D1) at 548 West 164th Street in Washington Heights, Manhattan.
The deal closed on July 20, 2021 and was recorded on August 6, 2021.
The property has 56,634 square feet of built space and 0 square feet of additional air rights for a total buildable of 45,542 square feet according to PincusCo analysis of city data. The sale price per built square foot is $163 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 owner bought the property on 21-Jun-16, for $16.2 million.
The signatory for Barberry Rose Management Company was Lewis M. Barbanel. The signatory for Yechiel Newhouse was Yechiel Newhouse.

Lewis Barbanel is an owner at Barberry Rose.
The former owners according to the Department of Housing Preservation and Development included Lewis Barbanel, head officer and Robert Silverman, officer. The business entities were Barberry Rose Management Co. Inc. and Bsf 548 West 164th Street Holding Llc.

Within a 400-foot radius of 548 West 164th Street, Pincusco identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, one was for major renovation including a certificate of occupancy change. It was a permit issued on November 27, 2019 for the $294,500.0 renovation of 33,450-square-foot R-2 building with 42 residential units at 530 W 163rd Street.
One of those two items was a loan which SDG Management borrowed $7.2 million from Signature Bank secured by the 45,312-square-foot, 47-unit rental (D7) on 3920 Broadway on June 9, 2020.

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