Rosewood Realty
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Brokerage
Posted: May 15, 2018
Jungreis and Khakshoor of Rosewood broker $5.95 million sale
Rosewood Realty
Rosewood Realty
Manhattan, NY Rosewood Realty Group has arranged the sale of a Harlem apartment building, located at 507 West 134th St. between Amsterdam Ave. and Broadway, for $5.95 million.
- Manhattan, NY
A private investor bought this 20-unit, five-story Harlem walk-up, built around 1905.
Fourteen of the apartments are rent-stabilized and six are market rate. The 13,040 s/f building sold for 14 times the rent roll, with a cap rate of 5%.
Rosewood Realty Group’s Aaron Jungreis and Ben Khakshoor represented both the buyer and the seller, CRP 507 West 134th Annex and CRP 507 West 134th.
Founded in 2007 by Jungreis and David Berger, Rosewood is one of the most active commercial brokerage firms in NYC.
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