Birch Brook Manor, a garden-style multifamily complex at 89 South Highland Ave. in Ossining, was sold for $14.3 million.
The 61,825-square-foot development is on a 4.90-acre property. The 79-unit complex sold at a price per unit of $181,012, with Redwood Realty Advisors representing the seller, Sudesh Kapoor, and procuring the buyers Austin and Jake Deraaff.
“Birch Brook Manor has been owned by the same family since the mid-1980s and we are very proud and grateful to have won the assignment,” said Michael Scrima, director at Redwood Realty Advisors. “This was one of our most difficult closings to date, with the entire process beginning in January of 2022. Navigating the rapidly changing interest rates, instability in the economy, absurd New York rent laws, among other issues, were extremely difficult – but we are happy to have closed this one out. Thomas Gorman did a phenomenal job leading the transaction.”
