News: Brokerage

Rose Associates named managing and leasing agent at The Wimbledon

Rose Associates, the New York-based full-service real estate firm, has been named the exclusive leasing and managing agent at The Wimbledon, a rental property located at 200 East 82nd St. Owned by the Boston-based Rockpoint Group, The Wimbledon offers 223 apartments in studio, one-, two-, three- and four-bedroom configurations. "We are pleased to assume the role of managing and leasing agent at this standout Upper East Side building," said Mitchell S. Gelberg, senior managing director at Rose Associates. "With its prominent location and spacious apartments, The Wimbledon is a highly desirable place to live." The Wimbledon offers an attended lobby and spacious roof deck. While the property's apartments and common areas have been renovated over the years, Rose is analyzing the feasibility of a new renovation program, which would include combining units to create more three- and four-bedroom apartments. "At The Wimbledon, we see an opportunity to increase the number of large apartments. Three- and four-bedroom apartments are in very high demand, so we will consider combining and fully renovating units as they become vacant," said Gelberg. "As in any Rose-driven renovation program, we'll also look at repurposing or adding features to the property's common areas." The Wimbledon is a short walk from Central Park and the Metropolitan Museum of Art. It is also close to the 4, 5 and 6 subway trains.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,