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
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
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,