Moonlight Management LLC
News:
Brokerage
Posted: October 3, 2017
Zar of Moonlight Management leads $2.018 million acquisition; Jungreis of Rosewood Realty is broker
Bronx NY A group of investors, led by Ryan Zar of Moonlight Management LLC have acquired 2600 Decatur Ave., for $2.018 million.
The subject property is a 10,720 s/f multifamily building located on the corner of East 193rd St. and contains 11 apartments as well as 67 ft. wrap-around frontage.
Moonlight Management LLC
Rosewood Realty Group
Aaron Jungreis, president of Rosewood Realty Group represented the buyer and seller.
According to public records, the price equates to a gross rent multiplier of 10.45x, $188 per s/f, and $183,000 per unit.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,
