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Brokerage
Posted: June 19, 2018
Jungreis of Rosewood reps. buyer and seller in $36 million Yonkers sale
Rosewood Realty Group
Yonkers, NY Rosewood Realty Group has closed a $36 million sale of a 143-unit multifamily building.
The rent regulated building at 525-527 Riverdale Ave. is a seven story, elevator building with 143 units and 124 parking spaces and 13 storage units.
The 161,000 s/f building, that was built in 1981, sold for 18 times the current rent roll and for a 5.3% cap rate.
Rosewood’s Aaron Jungreis represented the buyer, Emerald Equities and the seller, 525-527 Riverdale Avenue Property LLC.
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