News: Brokerage

Jungreis and Berger of Rosewood broker $21.1 million Brooklyn portfolio sale; Seven, four-story, walk-up apartment buildings total 179,630 s/f

Rosewood Realty Group closed a seven building, portfolio sale in the Crown Heights/Flatbush section of the borough for $21.1 million. The buildings sold include 2406 Newkirk Ave., 1536 and 1546 St. John's Place, 1633-1647 Sterling Place, 2709 Clarendon Rd. and 3420 Clarendon Rd. The seven, four-story, walk-up apartment buildings combine a total of 179,630 s/f and feature 199 apartments. They were built in the 1920s and 1930s. Aaron Jungreis represented the private investor seller and David Berger represented the private investor buyer. Rosewood also completed the following deals: * A $5.5 million sale of 635 East 6th St. between Aves. A & B in the East Village. A private investor has bought this 8,860 s/f five-story 1910 East Village walk-up with nine apartments. Jungreis represented the buyer, 635 East 6th LLC and David Scheer, represented the seller 635 East 6th Street Realty Company LLC. * A $2.8 million sale of 2530-2536 Foster Ave., Brooklyn. The four-story, 23,060 s/f walk-up apartment building features 24 apartments. It was built in 1931. Jungreis represented the private investor seller and Raphael Toledano of Weissman Realty represented the buyer. * A $6.3 million sale of 315 East 196th St. in the Bronx. This six-story, 67,757 s/f elevator apartment building features 60 apartments, including the superintendent's basement apartment. It sold for 8.2 times the rent roll and was built in 1941. Jungreis represented the private investor seller and buyer.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking