The Real Deal New York

Posts Tagged ‘rosewood realty group’

  • Jungreis Suit

    From left: Aaron Jungreis, Raphael Toledano, 253 East 10th Street, 27 St. Mark’s Place and 66 East 7th Street

    UPDATED, 10:57 p.m., August 27: Say uncle!

    Rosewood Realty Group’s Aaron Jungreis, one of the city’s elite multifamily brokers, is suing his nephew Raphael Toledano, claiming he was squeezed out of a $100 million deal to acquire 16 East Village rental buildings. [more]

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  • Akelius Brooklyn

    From left: 777 St. Mark’s Avenue in Crown Heights and 95 Linden Boulevard in Flatbush (inset: Kunal Chothani and Aaron Jungreis)

    Akelius Real Estate Management just scooped up a six-building Brooklyn rental portfolio for $124.5 million, The Real Deal has learned. It’s the latest in a series of deals that’s transformed Akelius from unknown entity into one of New York City’s most active multifamily players. [more]

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  • 665 Allerton

    665 Allerton Avenue in the Bronx (inset: Danny Wrublin, Aaron Jungreis and Timour Shafran)

    Skyc Management’s Sam Applegrad picked up three mixed-use Bronx buildings from Dalan Management for a combined $34.3 million, The Real Deal has learned. [more]

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  • Convent Avenue Harlem

    From left: 580 St. Nicholas Avenue and 106-108 Convent Avenue in Harlem (credit: Sugar Hill Capital Partners’ David Schwartz)

    Alan Marcus, an Aventura, Fla.-based investor and insurance lawyer, picked up a pair of Harlem rental buildings from Sugar Hill Capital Partners for a total of $35.5 million, The Real Deal has learned. [more]

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  • 144 Ludlow Street

    144-150 Ludlow Street on the Lower East Side and Kunal Chothani

    Akelius Real Estate Management, a subsidiary of Swedish investment firm Akelius Residential Property, picked up a three-building Lower East Side rental complex from Lawrence Marolda’s Marolda Properties for $24 million.

    The deal marked Akelius’ first Manhattan purchase and a continuation of its expansion into the U.S. The adjacent five- and six-story properties at 144-150 Ludlow Street, between Stanton and Rivington streets, span nearly 35,000 square feet. The majority of the 52 apartments are rent-regulated, one-bedroom units. [more]

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  • Bronx Block-front

    From left: Proposed rendering of site in Parkchester, Bronx, and current aerial view (inset: Amit Doshi)

    Joel Wiener’s the Pinnacle Group and the Plymouth Group have plans to develop a block-through Bronx site they bought last week with more than 310,000 buildable square feet, The Real Deal has learned. [more]

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  • Three Borough

    From left: 178-188 East 93rd Street in East Flatbush and 710 East 138th Street in the Bronx (inset: Amit Doshi and Aaron Jungreis)

    With a series of mini-portfolio deals, Normandy Real Estate Partners and Westbrook Partners are inching closer to shedding a total of 1,700 apartments as part of the investment firms’ plans to focus on office property deals. In the past week, they have sold seven buildings to Black Spruce Management for $43 million, and 10 to Prana Growth Fund for $36.2 million, The Real Deal has learned. [more]

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  • BCB Crown Heights

    From left: Bennat Charatan Berger, Debrah Lee Charatan and 1153 and 1159 President Street in Crown Heights

    BCB Property Management, a Midtown-based investment firm led by Debrah Lee Charatan and her son Bennat Charatan Berger, bid farewell to part of its Crown Heights portfolio with the sale of two multifamily buildings along President Street. [more]

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  • Wiener-2105-120-165-Jungreis-Streicker1

    From left: Joel Wiener, 2105 Foster Ave., 120 East 19th St., 165 East 19th St. (PropertyShark), Aaron Jungreis and Michael Streicker

    One of the largest rental apartment firms in the U.S. snapped up five residential buildings in Prospect Park South and one in Ditmas Park for $42.5 million, a source close to the sale told The Real Deal. [more]

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  • Aaron Jungreis and 427 East 83rd Street (Credit: PropertyShark)

    Aaron Jungreis and 427 East 83rd Street (Credit: PropertyShark)

    UPDATED, 3:29 p.m., May 1: Pan-Am Equities, owned by members of the prominent Manocherian family, has sold six Upper East Side rental apartment buildings for $47.8 million, according to property records filed with the city today. [more]

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  • Aaron Jungreis and 407 Beach 20th Street

    Aaron Jungreis and 407 Beach 20th Street

    Urban American inked a deal to sell a portfolio of five multi-family buildings in Far Rockaway for $52 million, The Real Deal has learned. [more]

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  • _Eisenberg-Heritage-Baker-Jungreis

    From left: Philip Eisenberg, Heritage in East Harlem (Photo: Urban Edge), Jeffrey Baker and Aaron Jungreis

    An affiliate of the property giant Brookfield Properties is the leading bidder to buy a large stake as part of a refinancing of a $1 billion apartment portfolio in Upper Manhattan and Roosevelt Island, industry sources told The Real Deal. Click here to see the photos.

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  • 1960 First Avenue

    1960 First Avenue

    Two large East Harlem apartment buildings with nearly 1,400 units between them are on the market and could rake in as much as $500 million. [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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  • 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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  • RCA Commercial Property Price Index values from 2001 to 2012, according data from Real Capital. The RCA CPPI are a suite of over 200 granular commercial property indices that measure the empirical change in commercial property prices over time. Click to enlarge

    It will come as no surprise to those following the Manhattan multifamily investment market that prices are at record levels. Now that’s borne out by Real Capital Analytics’ new commercial property price indices. The RCA data shows that the average sale prices of Manhattan apartment building are higher than they were in the second quarter of 2008. [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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  • 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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