News:
Brokerage
Posted: March 25, 2013
Jungreis, Kooris and Scheer of Rosewood Realty Group handle two sales- $5.365 million
Rosewood Realty Group has closed a $4.015 million sale at 60 East 196th Street in the Fordham Manor section of the Bronx.
The 62,548 s/f five-story walk-up apartment building built in 1924, consists of 46 apartments. It sold for seven times the rent roll.
Aaron Jungreis of Rosewood Realty Group represented both the seller, 60 East 196 LLC and the buyer, the Morgan Group, investment group.
In Brooklyn, Rosewood closed the sale of 827 Nostrand Avenue in Crown Heights for $1.35 million.
The 7,165 s/f four-story walk-up apartment building features 10 apartments and one commercial unit. The building was built in 1912 and sold for 9.5 times the rent roll.
Rosewood's Samuel Kooris represented the seller, 827 Nostrand LLC and Rosewood's David Scheer represented the buyer, a local family investor, Barry Nathan III LLC.
Tags:
Brokerage
MORE FROM Brokerage
200E20TH sells out in Gramercy, penthouse A closes out sales at the CetraRuddy-designed condominium residences
Manhattan, NY 200E20TH, the CetraRuddy-designed architectural masterwork that brought a curved, contemporary sensibility to Gramercy’s Beaux-Arts streetscape, has
Quick Hits
Columns and Thought Leadership
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
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 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)