Manhattan, NY Rosewood Realty completed the $3.75 million sale of a four-story Harlem townhouse between 125th and 126th Sts. with eight apartments.
The 6,090 s/f walk-up building (with an additional 1,234 s/f below grade) is located at 2032 Fifth Ave. It was built in 1909 and features five one-bedroom units, two two-bedroom units and one three-bedroom unit.
Rosewood’s Aaron Jungreis and Jonathan Brody represented the seller, Omek Capital, a Woodmere-LI based real estate investment firm founded in 2009 by Charles Hartman and Avi Feldman. Rosewood’s Ilya Tolmasov represented the buyer, a private investor.
The townhouse sold for 14.88 times the current rent roll, at a cap rate of 5.41%.