News:
Brokerage
Posted: November 23, 2021
Rosewood Realty Group closes $39 million sale of PA multifamily development
Marietta, PA Rosewood Realty Group completed the sale of a newly constructed 172-unit multifamily development for $39 million.
The buyer, Goldcrest Properties, is a Lakewood, NJ-based commercial real estate firm that purchases and manages multifamily assets. The three-story garden apartment property at 421 W Market St. was built in 2020. The 175,000 s/f development features a clubhouse, fitness center and laundry facilities.
Rosewood Realty Group's founder Aaron Jungreis and Michelle Jungreis represented the buyer, Hillel Hertz of Goldcrest Properties and the seller, Jeff Inch of Inch & Co.
“We have successfully closed over two billion in sales this year and we are poised for a strong 2022 as the sales market continues to heat up locally and nationally," said Jungreis. “The rental market still has growth potential and identifying hidden gems is one of our strengths.”
This sale represents the 50th closed transaction this year for Rosewood, the NYC-based commercial real estate investment sales firm that is continuing to close deals in the city and throughout the country in Pennsylvania, Texas, Florida, North Carolina, Georgia and other states.
Tags:
Brokerage
MORE FROM Brokerage
Dong Bei Restaurant & Bar signs 2,000 s/f lease at New Hyde Park Place
New Hyde Park, NY Dong Bei Restaurant & Bar, which serves Northeastern Chinese cuisine inspired by Harbin, China, signed a lease for a 2,000 s/f space at New Hyde Park Place,
Quick Hits
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)