News:
Brokerage
Posted: December 4, 2009
Jungreis and Steinmetz of Rosewood close $5.3 million multifamily sale
Rosewood Realty Group has brokered the sale of 2800 Jerome Ave., a six-story, elevator rental building with 78 units for $5.3 million.
The 67,320 s/f building that is located between East 196th St. and Morris Ave. brought a sale price that was seven and a half times the rent roll.
The sale of the 1940s rental building was brokered by Aaron Jungreis and Mark Steinmetz of Rosewood Realty Group who represented both the seller, Parkview Terrace, LLC and the buyer, Cin Sima Realty LLC.
Rosewood Realty Group, a commercial brokerage firm founded in 2007 by Jungreis and David Berger, specializes in multifamily and office buildings, with activity focused in New York, New Jersey, Connecticut and Florida.
Tags:
Brokerage
MORE FROM Brokerage
Highcap and Newmark sell $18.5 million four-building midtown portfolio
Manhattan, NY Josh Goldflam, co-founder and principal of Highcap Group, along with Brian Ezratty and Scott Ellard of Newmark have arranged the sale of a four-building portfolio
 (2).gif)
Quick Hits
Columns and Thought Leadership
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: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)