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Rosewood’s Jungreis Closes Kingsbridge Heights Walk-Up Sale
Rosewood Realty Group recently arranged the $16.25-million sale of a six-story walk-up apartment building with 58 rental units and nine retail stores in the Kingsbridge Heights/Jerome Park section of the Bronx.
Aaron Jungreis of Rosewood represented both the seller, the Morgan Group, and the undisclosed buyer of the 79,000-square-foot building at 135-145 W. Kingsbridge Rd.
The building was built in 1922, and sold for more than 11 times the current rent roll, at a 5.4% cap rate, according to Rosewood.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

