Sales Beat

Sunset Park Three-Building Package Sells for $12M [Updated]

199-205 30th Street.

Three contiguous apartment buildings in Sunset Park, Brooklyn, have sold for $12 million, in a deal that closed May 6 and was recorded with the city today.

Black Spruce Properties sold the buildings, at 199-205 30th Street, to a private investor, according to Aaron Jungreis of Rosewood Realty Group, who represented the seller in the transaction. Samuel Kooris of Rosewood represented the buyer. Read More

Sales Beat

Six-Building UES Portfolio Trades for $47.8M

427-431 East 83rd Street.

Six Upper East Side walk-up buildings, comprised of 150 free-market and rent-stabilized apartments, have sold for $47.8 million.

The five-story apartment buildings, with a total of 69,740 square feet at 413, 415 and 417 East 81st Street and 427-431 East 83rd Street, sold for 15 times the rent roll, according to Rosewood Realty Group. The transaction closed on April 9 and was reported with the city on Wednesday. Read More

Sales Beat

Dermot Property Associates Sells 14 Building Portfolio for $190.5M

201 W 11th St - Front

Dermot Property Associates has sold a portfolio of 14 buildings in Manhattan, the Bronx and Queens for $190.5 million, The Commercial Observer has learned.

Ten of the buildings – five in Manhattan and five in the Bronx – were sold to the Parkoff Organization for $158 million, and the remaining four were sold to Douglaston Realty, said Aaron Jungreis, president of Rosewood Realty Group, who represented the buyers.

The 14 buildings were initially marketed as a package before it was determined that splitting it up was in the best interest of both the buyers and the seller. Read More

Sales Beat

Pre-War Building at 103 East 86th Street Fetches $76 Million


Ofer Yardeni and Joel Seiden of New York City-based real estate owner and building manager Stonehenge have purchased a 90,000-square-foot, 13-story apartment building at 103 East 86th Street, off Park Avenue in Carnegie Hill, for $76 million.

The sale was an off-market deal brokered by Aaron Jungreis of Rosewood Realty, who told The Commercial Observer that he thought long and hard before pinpointing a buyer. Read More

Sales Beat

More Urban American Buildings Trade

Aaron Jungreis.

Rosewood Realty Group, a commercial brokerage firm founded in 2007, has closed on the sale of a portfolio of six elevator buildings in the Ditmas Park section of Brooklyn. The sales price achieved for all six was $43 million. Read More