Rosewood Realty Group
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Brokerage
Posted: September 17, 2019
Jungreis and Guttman of Rosewood close sale of 62,548 s/f Bronx property; The Morgan Group sells 60 East. 196th St. for $8.15 million
Rosewood Realty Group
Rosewood Realty Group
Bronx, NY Rosewood Realty Group has closed the $8.15 million sale of a five-story walk-up apartment building in the Fordham neighborhood.
The 62,548 s/f building at 60 East 196th St.features 46 apartments and a superintendent’s unit in the basement. It also offers 5,779 s/f of air rights.The building was built in 1924 and sold for 10.5 times the annual rent roll, at a 6% cap rate.
Rosewood’s Michael Guttman represented the buyer, a private investor and Aaron Jungreis represented the seller, The Morgan Group.
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