Rosen Equities picks up West Palm Beach apartments for $6M

Billionaire Jeff Greene is seeking to build a number of condo projects in the same Northwood neighborhood

TRD MIAMI /
Oct.October 23, 2019 08:45 AM
345 30th Street, Brandon J. Rex and Evan P. Kristol

345 30th Street, Brandon J. Rex and Evan P. Kristol

UPDATED, Oct. 24, 11:03 a.m.: Billionaire Jeff Greene isn’t the only developer buying property in West Palm Beach’s Northwood neighborhood.

Rosen Equities Group purchased a 39-unit West Palm Beach apartment complex for $6.1 million, records show. The Brooklyn-based real estate investment firm purchased The Charmer Apartments & Villas at 345 30th Street in Northwood for $156,410 per unit, records show.

Parkland Companies, led by Neil Kozokoff, sold the property.

The apartment complex consists of a one-story, eight-unit building as well as a three-story, 31-unit building. The apartments range from studios to a two bedrooms, with 434 square feet to 1,336 square feet. Rents for one-bedrooms start at $1,265 per month, according to its website.

Evan P. Kristol and Brandon J. Rex of Marcus & Millichap represented the seller in the deal. Martin Goldstein and Russell Goldstein of  The Goldstein Group represented the buyer.

The apartments are 100 percent occupied, according to Kristol. He said the buyer will continue to operate the property as rentals, and the interiors of the buildings were recently renovated.

Kozokoff bought the 31-unit apartment complex in 1998 for $725,000, and the eight-unit building the same year for $150,000, records show. The buildings were constructed in 1939 and 1957, respectively.

Much of Northwood, which is located in the northern part of the city, is owned by Greene, a real estate developer and former Florida gubernatorial candidate. Greene owns 20 acres near the waterfront Currie Park and is seeking to build several high-rise condominium buildings as tall as 38-stories.


Related Articles

arrow_forward_ios
Charles Cohen and a rendering of the project (Getty, Pelli Clarke Pelli Architects)

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm
4700 North Congress Avenue and Velocis Managing Partner Fred Hamm (Google Maps)

Private equity firm sells West Palm medical offices at discount

Private equity firm sells West Palm medical offices at discount
Stephen Ross and a rendering of Rosemary Square (Getty, Related)

Security firm sues Related Cos. affiliate, alleging unpaid services at Rosemary Square

Security firm sues Related Cos. affiliate, alleging unpaid services at Rosemary Square
101 Palmetto Lane (Credit: Google Maps)

Garden of Life exec sells waterfront West Palm Beach home for $6M

Garden of Life exec sells waterfront West Palm Beach home for $6M
A few of the properties in Palm Beach County (Credit: Google Maps)

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering
Renderings of the projects and Greg West

ZOM buys land in Coral Gables, West Palm for senior living projects

ZOM buys land in Coral Gables, West Palm for senior living projects
Hyperion Group Partners CEO Rob Vecsler and 350 South Australian Avenue (Google Maps)

Hyperion partners with Winter Properties, plans first project in West Palm Beach

Hyperion partners with Winter Properties, plans first project in West Palm Beach
Hilary Musser and 3208 Washington Road (Getty, Realtor.com)

Interior designer buys waterfront West Palm Beach property

Interior designer buys waterfront West Palm Beach property
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...