REBusinessOnline

Rosewood Realty Arranges $16.2M Sale of Multifamily Asset in The Bronx

135-145-West-Kingsbridge-Road-The-Bronx

The property located at 135 145 W. Kingsbridge Road in The Bronx totals 79,000 square feet.

NEW YORK CITY — Rosewood Realty Group has arranged the $16.2 million sale of a six-story multifamily building located ar 135-145 W. Kingsbridge Road in the Kingsbridge Heights/Jerome Park area of The Bronx. The 79,000-square-foot building, which houses 58 apartments and nine retail stores, was built in 1922 and sold at a cap rate of 5.4 percent. Aaron Jungreis of Rosewood Realty Group represented the seller, Morgan Group, in the transaction and procured the buyer, a private investor.

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