Rosewood Realty Group has successfully brokered the sale of a six-story elevator apartment building at 748 St. Marks Ave. for $3 million. The sale price represents 7.7 times the current rent roll, according to Aaron Jungreis, Rosewood Realty Group founder and president, who brokered the deal.
The building, consisting of 36 apartments, is located in the Crown Heights neighborhood.
"The property has tremendous upside potential in this changing neighborhood with solid housing stock, transportation options and tree-lined blocks," Jungreis said.
Jungreis founded Rosewood Realty Group in 2007 and specializes in multi-family residential buildings and office buildings, with activity focused in New York, New Jersey, Connecticut and Florida.
Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10th St. in Greenwich Village
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
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,
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account