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New York & Tri-State   /   June 24, 2019

Paul Bubny
By: Paul Bubny

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.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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