News:
Brokerage
Posted: April 16, 2019
Jungreis, Brody and Tolmasov of Rosewood Realty close $3.75 million townhouse; Omek Capital is seller
Manhattan, NY Rosewood Realty completed the $3.75 million sale of a four-story Harlem townhouse between 125th and 126th Sts. with eight apartments.
Rosewood Realty
The 6,090 s/f walk-up building (with an additional 1,234 s/f below grade) is located at 2032 Fifth Ave. It was built in 1909 and features five one-bedroom units, two two-bedroom units and one three-bedroom unit.
Rosewood’s Aaron Jungreis and Jonathan Brody represented the seller, Omek Capital, a Woodmere-LI based real estate investment firm founded in 2009 by Charles Hartman and Avi Feldman. Rosewood’s Ilya Tolmasov represented the buyer, a private investor.
The townhouse sold for 14.88 times the current rent roll, at a cap rate of 5.41%.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
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.
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
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 (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,
.gif)
August Promotion
