News: Brokerage

Rosewood handles three sales totaling $16.05 million

Rosewood Realty Group has closed three sales totaling $16.05 million. The deals include: * A $9 million sale at 8300 4th Ave. in Bay Ridge, Brooklyn. The six-story, 50,000 s/f elevator apartment building features 68 apartments built in 1929. Rosewood's Aaron Jungreis represented the seller, 8300 Fourth Avenue, LLC and Jake Blatter of Rosewood represented the buyer, an investor, 8300 4th Ave. Management Corp. * The $4.05 million sale of 611 Academy St. in the Inwood section of Manhattan. The five-story, 35,000 s/f walk-up apartment building features 48 apartments. Jungries represented the seller, 611 Academy LLC and the undisclosed buyer. * The $3 million sale at 152 Sherman Ave. in the Inwood section of Manhattan. The five-story, 23,700 s/f walk-up apartment building features 42 apartments. Jungreis represented the seller, 152 Sherman LLC and the buyer, Black Spruce Partners V LLC. Rosewood Realty is a boutique commercial brokerage firm that focuses on sales in multifamily, retail and office properties largely in New York, New Jersey and Connecticut. This year, Rosewood --- which has already closed over 70 deals and over $700 million in sales --- is on track to beat last year with an estimated 100 deals worth over $1 billion dollars.
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