Smith and Roth of Friedman Roth Realty complete $25 million sale of 115 Henry Street

Brooklyn, NY Friedman Roth Realty Services LLC arranged the sale of 115 Henry St. Located at the corner of Henry and Clark St. in Brooklyn Heights, the six-story elevator apartment building contains 38 apartments (29,200 s/f) and 4 commercial tenants (2,500 s/f). The property was held by the same family ownership for more than 50 years. The off-market transaction was negotiated by Friedman-Roth’s Joseph Smith and managing partner Eric Roth. “This deal arose from the classic recipe of one broker’s persistence and hard work. Joseph had been in touch with the seller for many years and his diligence finally paid off. This business is about building relationships and then to execute when presented with an opportunity - Joseph did a tremendous job on all fronts,” said Roth. Roth introduced Bennat Berger and Novel Property Ventures to the offering and he cemented the deal with an all-cash offer that included all of the seller’s conditions for a sale. The property was sold for $25 million or $781 per s/f.