Rosewood Realty Group completes two sales totaling $22.675 million; Includes $9.675 million sale by Jungreis and Guttman

Rosewood Realty Group arranged the following sales totaling $22.675 million in the Washington Heights section of the borough: * The $13 million sale of 3900 Broadway. This six-story elevator building at West 163rd St. features 28 apartments and four commercial spaces. The 49,576 s/f building was built in 1925 and sold for 18 times the rent roll. Aaron Jungreis of Rosewood represented the buyer, 3900 Broadway Holding LLC and the seller, Ap-Orep 3900 Broadway L.P. * The $9.675 million sale of 2372, 2374 & 2376 Amsterdam Ave. The three contiguous buildings; two five-story mixed-use walk-ups and one six-story mixed-use walk-up building feature 58 apartments and eight retail units. The buildings are 41,353 s/f combined and were built 1906-1907. Jungreis represented the buyer, 2372-2376 Amsterdam Ave. LLC and Michael Guttman of Rosewood represented the seller, Crp Amsterdam LLC.

Tags: Brokerage

Reprint

Previous Story Next Story

NAI Long Island achieves 100% occupancy at two Suffolk County office assets

Hauppauge, NY NAI Long Island, an affiliate of NAI Global, has achieved 100% occupancy at two Suffolk County office properties, totaling 50,689 s/f. These exclusive landlord leasing assignments involved 207

Highcap Group sells parking lot across Queens County Court House

Adler of Rand Commercial brokers $9.5 million sale of Yonkers development site

Adler of Rand Comm'l. brokers $9.5m sale of Yonkers dev. site

After the lease is signed: What New York City’s office moves reveal about the changing workplace - by Maya Z.

Staats of Katz signs Uptown Cheapskate to first New Jersey location

Staats of Katz signs Uptown Cheapskate to first NJ location

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Houlihan Lawrence Commercial sells 29-31 Palisade Ave. building for $1.175 million

Columns and Thought Leadership

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,

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: 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

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