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Jungreis of Rosewood Realty secures sale of 1539 Park Place for $5.125 million

October 27, 2014 - Front Section

Aaron Jungreis, Rosewood Realty Group

Rosewood Realty Group arranged the sale of 1539 Park Place in Crown Heights (between Buffalo and Rochester Avenues) for $5.125 million.
The four-story, walk-up apartment building consists of 34 apartments and an antenna. It sold for 12 times the rent roll. The 34,975 s/f building was built in 1910.
Aaron Jungreis represented the buyer, 1539 Park Place LLC, a private investor and Rosewood's David Berger represented the seller, Park 1539 Realty LLC.
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