Rosewood Realty Group closes two NYC deals totaling $21.3 million
New York, NY Rosewood Realty Group has completed the sale of a 83-unit Bronx apartment building for $14.8 million.
The 87,900 s/f building at 4755 White Plains Rd., features five retail spaces, 11 parking spaces, a laundry room and one antenna. It was built in 1939.
The rent stabilized property sold for $168,000 per unit, with a cap rate of 5.9% at 9.7 times the current rent roll.
Rosewood’s Aaron Jungreis, Ben Khakshoor and Alex Fuchs represented both the long term seller, Ron Rettner and the undisclosed buyer, 4755WP LLC.
Rosewood Realty Group also finalized the sale of a multifamily building in the East Village, Manhattan for $6.5 million.
The 9,660 s/f building at 215 East 3rd St., was built in 1900. The building features five apartments and one commercial space. There is also a four-story carriage house in the rear with four apartments.
The 90% free-market property sold for $650,000 price per unit, with a cap rate of 4.8% at 18 times the current roll.
Rosewood’s Jungreis and Khakshoor represented the buyer, Sabet Group and the seller, GPS Realty.