Jungreis and Khakshoor of Rosewood broker $5.95 million sale

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.

507 West 134^th Street, Harlem
- 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.

Tags: Brokerage

Reprint

Previous Story Next Story

AmTrustRE completes $211m acquisition of 260 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

Area 15 welcomes new tenant openings, signs more experiences coming

SABRE coordinates sale of six properties totaling 199,845 s/f

Polsinelli and Curcio of Compass arrange 22,000 s/f Urban Umbrella lease

Project REAP honored by ICSC for leadership and impact in Commercial Real Estate

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

Properly serving a lien law Section 59 Demand - by Bret McCabe

Columns and Thought Leadership

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.