REBusinessOnline

ROSEN ASSOCIATES COMPLETES $30 MILLION MULTIFAMILY SALE

NEW YORK CITY — Rosen Associates Management Corp. has completed the sale of 30 West 70th Street in New York City for $30 million. The property contains 38 units and traded at a 4 percent capitalization rate. The buyer is a wholly owned subsidiary of an international investment holding company and the seller is an estate. Seth Kestenbaum and David Rosen of Rosen Associates were the sole brokers in the transaction.

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