Jungreis of Rosewood Realty secures sale of 1539 Park Place for $5.125 million

Rosewood Realty Group arranged the sale of 1539 Park Place in Crown Heights (between Buffalo and Rochester Avenues) for $5.125 million. The four-story, walk-up apartment building consists of 34 apartments and an antenna. It sold for 12 times the rent roll. The 34,975 s/f building was built in 1910. Aaron Jungreis represented the buyer, 1539 Park Place LLC, a private investor and Rosewood's David Berger represented the seller, Park 1539 Realty LLC.

Tags: Brokerage

Reprint

Previous Story Next Story

Investment Property Realty Group closes $1.75 million sale of 1094 Hancock Street in Brooklyn

Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.

Chef Driven Hospitality and AI technology company Fuel Cycle complete leasing deals at GFP Real Estate’s 630 Ninth Ave.

Chef Driven Hospitality and Fuel Cycle sign leasing deals at GFP’s 630 Ninth Ave.

New REBNY analysis finds NYC Class B office visitation stabilizing

Bestreich, Reynolds, Davila, and Flaherty of Investment Property Realty Group close $1.97 million sale of 343A Tompkins Ave. in Bed-Stuy

IPRG closes $1.97m sale of 343A Tompkins Ave.

Investment Property Realty Group closes the sale of 321 Grand St. for $2.95 million

IPRG closes the sale of 321 Grand St. for $2.95m

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Law firm Nutter expands office space to 11,438 s/f at Durst's 5 Grand Central East

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary