Rosewood Realty Group closes $138.05 million in sales; includes $24.15 million portfolio sale by Berger and Jungreis

December 09, 2014 - Front Section

Aaron Jungreis, Rosewood Realty Group

David Scheer, Rosewood Realty Group

Mike Kerwin, Rosewood Realty Group

Ryan Perkoski, Rosewood Realty Group

Michael Guttman, Rosewood Realty Group

Aaron Jungreis, founder of Rosewood Realty Group, revealed multifamily and commercial/retail sales totaling over $140 million.
Thirteen sales took place in Brooklyn and the Bronx, along with five in Manhattan and one in Queens.
"The Brooklyn market is on fire and many longtime owners are taking advantage of the high prices buyers are willing to invest in at this time," said Jungreis.
They include:
* A $24.15 million four-building portfolio sale of 256 East 37th Street, 2902 Cortelyou Road, 3613 Avenue D and 414 East 34th Street, Brooklyn: One six-story elevator, two four-story walk-up's, and one three-story walk-up apartment building consisting of 164 apartments and 6 commercial units. David Berger represented the buyer, a long term investor and Aaron Jungreis represented the local seller.
* $16.3 million for 3224 Grand Concourse in the Bronx, a five-story walk-up apartment building consisting of 110 apartments and six commercial units. David Berger represented the seller and Aaron Jungreis represented the buyer.
* $10.7 million for 1030 Carroll Street, Brooklyn, a six-story elevator apartment building consisting of 47 apartments. David Scheer represented the buyer and Aaron Jungreis represented the seller.
* $10.5 million for 2454 & 2500 Webb Avenue in the Bronx, two five-story walk-up apartment buildings consisting of a total of 93 apartments. David Berger represented the seller and Aaron Jungreis represented the buyer.
* $9.4 million for 8806 Parsons Boulevard, Queens, a four-story walk-up apartment building consisting of 60 apartments. Aaron Jungreis represented the buyer and the seller.
* $7.8 million for 242, 244, 246 & 248 Bainbridge Street in Brooklyn, a five-story walk-up apartment building consisting of four contiguous, four-story walk-up buildings consisting of 32 apartments. Michael Guttman represented the buyer and seller and Aaron Jungreis represented the seller.
* $7.6 million for 151-153 West 133rd Street in Manhattan, two contiguous five-story walk-up apartment buildings consisting of 34 apartments. Aaron Jungreis represented the buyer and seller.
* $7.05 million for 9-11 & 25-27 Vermilyea Avenue in Manhattan, two five-story walk-up apartment buildings consisting of 50 apartments. Aaron Jungreis represented the buyer and seller.
* $6.75 million for 184-190 Nagle Avenue, Manhattan, a five-story walk-up apartment building consisting of 48 apartments. David Berger represented the buyer and Aaron Jungreis represented the seller.
* $6.1 million for 350 East 91st Street in Manhattan, a five-story walk-up apartment building consisting of 20 apartments. Sam Zagoren represented the seller and David Moshe represented the buyer.
* $5.25 million for 114 Stanton Street in Manhattan, a five story walk-up apartment building consisting of four apartments and one commercial unit. Samuel Zagoren represented the seller and Ryan Perkoski represented the buyer.

· $5.2 million for 2075-2081 Wallace Avenue, Bronx, a 77 unit co-op in an elevator building. Aaron Jungreis represented the buyer and the seller.

· $4.55 million for 61-65 Adrian Avenue, Bronx, a six-story elevator apartment building consisting of 32 apartments. Aaron Jungreis represented both the buyer and seller.

· $ 4.5 million for 1231 Sheridan Avenue in the Bronx, a five-story walk-up apartment building consisting of 54 apartment. David Berger represented the buyer and Aaron Jungreis represented the seller.

· $4.5 million for 680 & 681 Melrose Avenue, Bronx, Two five-story walk-up apartment buildings consisting of a total of 20 apartments and seven commercial units.

Aaron Jungreis represented both the buyer and seller

· $4 million for 1730-1736 & 1738 Sheepshead Bay Road, Brooklyn, Two contiguous commercial buildings: A one-story retail building consisting of four stores and a two- story retail building consisting of one store. Aaron Jungreis represented both the buyer and the seller.

· $1.3 million for 50 St. Nicholas Avenue, in Brooklyn, a three-story walk-up apartment building consisting of six apartments. David Scheer and Mike Kerwin represented the buyer and Bedford 6 represented the seller.

· $1.2 million for 188 8th Street, Brooklyn, a four-story walk-up apartment building consisting of four apartments. Michael Guttman represented both the buyer and the seller.

· $1.2 million for 690 East New York Avenue, Brooklyn, a two-story walk-up apartment building consisting of two apartments and four commercial units. Yehuda Wolfset represented the buyer and Michael Guttman represented the buyer and the seller.
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