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192 Nagle Ave. Inwood Manhattan

Rosewood Closes $13M Sale of Inwood Multifamily Duo

Rosewood Realty Group announced the sale of two contiguous five-story, rent stabilized walk-up apartment buildings consisting of a total of 98 apartments in the Inwood section of Northern Manhattan for $13 million. The firm’s Aaron Jungreis and Ben Khakshoor represented both the seller, Morris Lieberman and the buyer, Prana Investments. 

Totaling 87,000 square feet, the buildings are located at 192-198 and 200-208 Nagle Ave. They sold for $132,000 per unit, or $150,000 per square foot, with a gross rent multiplier of 9.8 times the current roll and a 5.3% cap rate. Both properties were built in 1920.  

The units include two studio apartments, 32 one-bedrooms, 44 two-bedrooms and 20 three- bedrooms. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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