The Real Deal New York

Posts Tagged ‘aaron jungreis’

  • From left: Aaron Jungreis, Eli Breiner and 2074 Crotona Parkway

    From left: Aaron Jungreis, Eli Breiner and 2074 Crotona Parkway

    An unidentified Brooklyn-based investor has snapped up an 11-building affordable housing portfolio in the Bronx for $42.2 million, The Real Deal has learned. [more]

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  • Aaron Jungreis and 200 West 15th Street

    Aaron Jungreis and 200 West 15th Street

    Melohn Properties’ Alfons Melohn sold a Chelsea rental building for $79.5 million, The Real Deal has learned.

    The residential property, at 200 West 15th Street, on the corner of Seventh Avenue, has been owned by Melohn’s family since 1982, public records show. It was not clear what the family paid for it decades ago. [more]

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  • inwood

    From left: 222-228 Seaman Avenue, 623-631 West 207th Street and Peter Von Der Ahe

    Doug Eisenberg of investment firm A&E Real Estate picked up a four-building multi-family portfolio in Inwood for $31 million from development and investment firm the Dermot Company, The Real Deal has learned. [more]

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  • The Greystone at 212 West 91st Street and Aaron Jungreis

    The Greystone at 212 West 91st Street and Aaron Jungreis

    Brack Capital Real Estate has sold the Greystone, a 362-unit Upper West Side rental building, for $139.1 million, the company said. The buyer of the building at 212 West 91st Street was Acuity Capital Partners, according to a release from Brack. [more]

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  • From left: Jane Holzer and Aaron Jungreis of Rosewood Realty

    From left: Jane Holzer and Aaron Jungreis of Rosewood Realty

    Whatever happened to Baby Jane’s real estate portfolio? Well, one four-building package was sold in a sweetheart deal deceptively arranged by prolific broker Aaron Jungreis — or at least that’s what Jane Holzer, the real estate developer and star of scads of Andy Warhol films (often referred to as “Baby Jane”), claims in a new lawsuit. [more]

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  • From left: Meyer Orbach, 65 West 107th Street and Aaron Jungreis

    From left: Meyer Orbach, 65 West 107th Street and Aaron Jungreis

    The New Jersey-based real estate investment company the Orbach Group purchased a 33-building residential apartment package on the Upper West Side for $246 million yesterday from a joint venture of Heritage Real Estate Partners and Dune Real Estate Partners, the buyer told The Real Deal. [more]

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  • Aaron Jungreis

    Aaron Jungreis

    From the July issue: In Bedford-Stuyvesant on a Monday morning, broker Aaron Jungreis is taking stock of a 20-unit apartment building, part of a 12-building, $40 million Brooklyn portfolio he had just been hired to sell.

    “It’s a little dirtier than I expected,” said Jungreis, founder of Rosewood Realty Group, noting trash outside the building, which he will mention to the seller. “Did you see that cigarette butt?” To prepare a building for sale, he said: “You want it to be crisp, to look nice.”  [more]

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  • The July issue is live!

    July 02, 2013 11:00AM

    TRDJuly20132

    Of the many adjectives that could be used to describe Donald Trump, larger-than-life is perhaps the most appropriate. The Donald has always been the master of talking the talk, but when it comes to hard assets, what is he really worth? To answer that question, reporter Katherine Clarke ventured into the labyrinthine world of the Trump Organization, in a cover story, “The $8 billion dollar man?” for the July issue, now available online. [more]

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  • Kushner to pay $49M for Shaoul portfolio

    February 05, 2013 04:00PM

    From left: David Ash, Jared Kushner, Aaron Jungreis and 195 E. 4th St.

    UPDATED 11:00 a.m., Feb. 6: The Kushner Companies extended a Manhattan apartment acquisition binge last month by signing a contract to buy seven walk-up rental buildings in the East Village for $49 million from developer Ben Shaoul’s Magnum Real Estate Group and Meadow Partners, several sources said. The seven buildings have a total of 115 apartments and one store. Among the residential units, 28 are rent stabilized and the rest are free market, insiders said. [more]

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  • From left: Aaron Jungreis, Steve Kohn and 21-81 38th Street — one of the buildings sold to Douglaston Realty

    Dermot Property Associates has sold a 14-building portfolio made up of 861 apartments and 41 retail spaces, the New York Observer reported. The properties, which are located in Manhattan, the Bronx and Queens, traded for $190.5 million. The Parkoff Organization purchased 10 of the buildings for $158 million, as The Real Deal reported last week. [more]

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  • From left: the Bossert Hotel and Aaron Jungreis

    The former Bossert Hotel traded hands for $81 million, Rosewood Realty Group told The Real Deal today. The 103-year-old property, located at 98 Montague Street in Brooklyn Heights, was previously used as a Jehovah’s Witnesses community facility and will be turned back into a hotel.

    David Bistricer and Joseph Chetrit bought the 14-story property in August and the sale officially closed last Friday. The purchase price was rumored to be around $90 million. Rosewood President Aaron Jungreis represented Bistricer and Chetrit, along with broker Devin Cohen, and the Jehovah’s Witnesses/Watchtower Bible and Tract Society of New York’s Real Property Department handled the transaction for the seller. (note: correction appended) [more]

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  • From left: Rosewood's Aaron Jungreis and two of the properties at 200 East 18th Street and 350 East 19th Street

    Multi-family real estate investment firm Shamah Properties has acquired a six-building, 376-unit Ditmas Park, Brooklyn portfolio for $42.1 million, Michael Kaplan, director of property management for Shamah, told The Real Deal today. The company, which launched a $50 million investment fund last year to acquire multi-family properties in New York City, closed on the portfolio April 19, which includes buildings at 2015 Foster Avenue, 1 St. Paul’s Court, 200 East 18th Street, 350 East 19th Street, 75 Hawthorne Street and 2101 Bedford Avenue. The deal has not yet hit public records. [more]

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  • Investment sales brokers sound off on 2012

    December 30, 2011 02:19PM

    Compiled by Adam Pincus
    Brokers broadly expect next year to be an improvement over 2011 in New York City’s investment sales market, although concerns about the global economy and financial services layoffs create uncertainty, and that puts a drag on activity. This year, total investment sales are expected to end up at about $25 billion, far ahead of the $14.5 billion in 2010. The Real Deal talked to a series of brokers about what they expect for the new year….
    [more]

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  • alternate<br /></a>text
    From left: Rubin Schron of Cammeby’s International Group, Rosewood Realty Group President Aaron Jungreis, 410 St. Nicholas Avenue and 2450 Frederick Douglass Boulevard (building credits: PropertyShark)

    Real estate investor Israel Weinberger purchased the nearly 40-year-old Lionel Hampton Houses in Harlem for $32.5 million from Rubin Schron’s Cammeby’s International Group.

    The former Mitchell-Lama apartment buildings, with a total of 355 units, are located at 2450 Frederick Douglass Boulevard between 131st and 132nd streets and 410 St. Nicholas Avenue, between 130th and 131st streets.

    The sale went into contract in May and closed Oct. 5, city property records published Oct. 31 show. Cammeby’s and Weinberger did not respond to requests for comment.

    The sale was brokered by Aaron Jungreis, president of Rosewood Realty Group, for a price of about $91,550 per unit. … [more]

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  • Arab buyers after Park51

    November 05, 2010 10:30AM
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    Park51

    It happens all the time. A buyer eyeballing a significant piece of real estate loses heart because of some nagging doubt about the property or a dip in the stock market. But what happens when a deal is sabotaged for a reason having nothing to do with the price or the property? That was the case when a Saudi investor recently about-faced on a major apartment in a top Manhattan building. The reason, according to a prominent real estate lawyer, was the anti-Islamic response to Park51, the proposed downtown Islamic culture center. Some suggest the vitriol surrounding Park51 could cool Middle Eastern buyers on New York — although that assessment is by no means universal.

    [more]

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  • Top NYC commercial property sales of week

    November 02, 2010 12:30PM

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    Sam Zabala, Solomon Franco, 859-865 Lexington Ave., 132 East 65th Street, Aaron Jungreis, Michael Guttman 

    Pennsylvania-based home builder Toll Brothers made the largest commercial purchase to appear in the city’s property database Acris last week, buying a stalled development site on the Upper East Side. Other transfers included the sale of a four-story building near Times Square, an apartment building in Brooklyn and a property in Willets Point. In addition, HFZ Capital Group bought a small building adjacent to the crane collapse site that it now controls on the Upper East Side…. [more]

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  • alternate text
    Some of the top brokers of the week, from left: Darcy Stacom, William Shanahan, Aaron Jungreis, Paul Massey and Clint Olsen

    The top commercial transaction of the week was the sale by SL Green Realty of a Class B office building to Deka Immobilien Investment, which was brokered by Darcy Stacom and William Shanahan of CB Richard Ellis. There were no other office property sales in the top five transactions as published on the city website Acris last week. The other sales included a hotel in Chelsea, a retail condo in Lenox Hill, an apartment buildi… [more]

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  • 752 West End Avenue (source: PropertyShark)

    David Bistricer’s Clipper Equity and the family-owned Rieder Holdings closed on the purchase of the 197-unit Upper West Side apartment building at 752 West End Avenue from Westbrook Partners for $72.36 million. 
    The purchase of the former hotel built in 1931, known as the Paris, which closed today, is one of the most expensive apartment sales so far this year. The Real Deal reported in July that the building was in contract.
    Bistricer, a managing partner with Brooklyn-based Clipper Equity, confirmed the purchase and said the new owners would make improvements in the structure and did not plan on a condominium conversion.
    “We are long-term owners. Right now we will keep it as a rental. That is the plan,” he said. “We think it is a great location, a beautiful building. It was well-maintained by Westbrook and we are going to take it to the next level.”
    The sale has not yet appeared in city property records.
    Private equity firm Westbrook apparently took a $13 million loss on the approximately 161,000-square-foot building located at 97th Street, which it bought in August 2007 for $85.8 million, city property records show. Westbrook declined to comment. 
    Aaron Jungreis, president of investment sales firm Rosewood Realty Group, was the broker on the purchase and Adam Spies and Douglas Harmon, senior managing directors at Eastdil Secured, were advisors to Westbrook. 
    The only larger sales in Manhattan this year were the portfolio of three former Macklowe Properties apartment buildings for $475 million to Sam Zell’s Equity Residential; a $125 million purchase by New York University of a dorm; and the $125 million foreclosure auction of Riverton Houses. 
    Bistricer was a bidder on the purchase of the 5,881-unit apartment project Starrett City in Brooklyn, but the $1.3 billion sale was blocked in 2007 by the U.S. Housing and Urban Development. Bistricer also bid on the Riverton Houses at the foreclosure auction of the property in March, but was outbid by the lender, CWCapital Asset Management.
    The Rieder family began in New Jersey and owns and manages about 1,000 apartment units in the area, Samuel Rieder, a principal with the company, said.

    [more]

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  • Q & A with Aaron Jungreis of Rosewood

    September 17, 2010 01:00PM

    The president of the investment sales brokerage talks about breaking up portfolios, broker commissions and the most important influence on the sales market

    Aaron Jungreis

    Aaron Jungreis is president of investment sales brokerage Rosewood Realty Group, which in 2009 ranked 13th in the city with $62 million in sales, CoStar Group figures show. More recently, Jungreis, 40, brokered a $10 million sale of an apartment building in Gramercy Park that was one of the top five commercial sales as reported this week by The Real Deal. In 2010, according to Jungreis, his seven-broker firm, which represents buyers and sellers, has closed more than $200 million in deals, with a focus on multi-family in the $5 million to $25 million range. He spoke with The Real Deal this week about breaking up portfolios, broker com… [more]

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  • Stuy Town ruling impacts dealmaking

    October 23, 2009 04:27PM

    Aaron Jungreis, president of the Rosewood Realty Group, and Stuyvesant Town

    Yesterday’s court ruling handing down a victory to tenants at the mostly rent-regulated apartment complex Stuyvesant Town and Peter Cooper Village has an immediate effect on the sale of a number of properties in New York City, industry insiders said. In one instance, an apartment sale could now be canceled; in a second a seller may have to cut a Brooklyn property’s valuation; and in a third, an owner sought to rush a sale to unload his Midtown apartment building. In all of the cases, the dealmakers said, the sellers or buyers were reacting to the court ruling yesterday by the state’s highest court, the New York Court of Appeals, that upheld a lower court decision against Tishman Speyer Properties and BlackRock Realty, owners of the 110-building complex on Manhattan’s East Side. The court said the landlords improperly raised rents and deregulated thousands of apartment units while benefiting from special tax incentives in the so-called J-51 program…. [more]

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