News: Brokerage

Rosewood handles three sales totaling $16.05 million

Rosewood Realty Group has closed three sales totaling $16.05 million. The deals include: * A $9 million sale at 8300 4th Ave. in Bay Ridge, Brooklyn. The six-story, 50,000 s/f elevator apartment building features 68 apartments built in 1929. Rosewood's Aaron Jungreis represented the seller, 8300 Fourth Avenue, LLC and Jake Blatter of Rosewood represented the buyer, an investor, 8300 4th Ave. Management Corp. * The $4.05 million sale of 611 Academy St. in the Inwood section of Manhattan. The five-story, 35,000 s/f walk-up apartment building features 48 apartments. Jungries represented the seller, 611 Academy LLC and the undisclosed buyer. * The $3 million sale at 152 Sherman Ave. in the Inwood section of Manhattan. The five-story, 23,700 s/f walk-up apartment building features 42 apartments. Jungreis represented the seller, 152 Sherman LLC and the buyer, Black Spruce Partners V LLC. Rosewood Realty is a boutique commercial brokerage firm that focuses on sales in multifamily, retail and office properties largely in New York, New Jersey and Connecticut. This year, Rosewood --- which has already closed over 70 deals and over $700 million in sales --- is on track to beat last year with an estimated 100 deals worth over $1 billion dollars.
MORE FROM Brokerage

Residential real estate consultancy and brokerage firm Nancy Packes, Inc. rebrands as NPI

Manhattan, NY The NYC-based premier residential real estate consultancy and brokerage firm, Nancy Packes Inc., has rebranded as NPI. Helmed by Seth Rosner, most recently the firm’s managing partner and now president, the company has been intricately involved in hundreds of Tri-State new developments and conversions, spearheading the full project life cycle, from assessment/pre-dev.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

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

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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

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