News: Brokerage

Rosewood Realty Group closes $79.125 million in Bronx and Manhattan; Jungreis secures $51.5 million sale of two elevator apartment buildings

Rosewood Realty Group arranged the following sales of multifamily and commercial buildings in the Bronx and Manhattan totaling $79.125 million: In the Bronx: * The $51.5 million sale of 530-540 East 169th St.- Fulton Towers and 480 East 188th - Fordham Towers in Belmont. The two, elevator apartment buildings total 490 units and 433,556 s/f. Aaron Jungreis represented both the seller, 530 East 169th St. Owner LLC and the buyer, a local investor. * The $4.1 million sale of 654 East 224th St. in Wakefield. The 37,361 s/f five-story walk-up apartment building consists of 47 apartments. Jungreis represented both the seller, 654 E. 224 Owner LLC and the buyer, a local investor. * The $2.475 million sale of 2420 Davidson Ave. in University Heights. The 30,200 s/f six-story walk-up apartment building consists of 26 apartments and one commercial unit. Jungreis represented both the seller, 2420 Davidson Avenue Owner LLC and the buyer, a local investor. In Manhattan: * The $16.15 million sale of 162 & 164 East 82nd St. in the Upper East Side. The two contiguous 19,670 s/f five-story walk-up apartment buildings consists of 37 apartments. Jungreis represented the seller, East 82nd. Street Investors LLC and Jonathan Birnbaum represented the buyer, Harbor Group International. * The $4.9 million sale of 608-612 West 184th St. in Washington Heights. The combined 34,510 s/f two five-story walk-up apartment buildings with 45 apartments Ryan Perkoski represented the buyer, a local investor and Jungreis represented the seller, St. Nicholas 184 Holding LLC.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
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.