REBusinessOnline

Rosewood Realty Arranges $57M Sale of Multifamily Portfolio in the Upper West Side

10-16 Manhattan Ave. was one of five properties sold by the Orbach Group.

NEW YORK CITY — Rosewood Realty Group has arranged the $57 million sale of a 120-unit, five-building multifamily portfolio in the Upper West Side of Manhattan. The properties are located at 4, 8, 10-16 Manhattan Ave. and 3-5 and 7-9 W. 108th St. Rosewood Realty’s Aaron Jungreis represented the seller, The Orbach Group, in the transaction. The buyer was undisclosed. The purchase price of the portfolio equates to a 4.7 percent capitalization rate.

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