Jungreis of Rosewood Realty brokers $5.15 million sale of 32-unit building

Rosewood Realty Group has brokered the sale of 8200 Bay Parkway in the Bensonhurst section of the borough for $5.150 million. The sale of the four-story, 32-unit walkup apartment building with a large doctors office, represents approximately 11 times the current rent roll, according to Aaron Jungreis of Rosewood Realty Group. Jungreis represented both the buyer and the seller. "This classic well-kept brick building has very strong upside potential in this thriving Brooklyn neighborhood that is located in the heart of Bensonhurst," said Jungreis, who founded Rosewood Realty Group in 2007. "The building is blocks away from the busy 86th St. shopping district and close to excellent schools and transportation in one of Brooklyn's most longstanding neighborhoods."

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

Movers & Milestones

Sunrise Multifamily Summit gives 360 Degree view of rental market, economic forces and forecasts

Columns and Thought Leadership

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.

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,