Rosewood Realty Arranges Sale of Two Mixed-Use Buildings in Manhattan for $14M

NEW YORK CITY — Rosewood Realty Group has arranged the sale of two five-story mixed-use buildings located at 943 and 973 Columbus Ave. in Manhattan for $14 million at a capitalization rate of 5.2 percent. The two buildings combined span 18,123 square feet. Built in 1910, the properties feature 36 apartments and four retail stores. Aaron Jungreis of Rosewood represented the seller, the Orbach Group. Ben Khakshoor represented the buyer, the Mehta family. The two properties are one-half mile southeast of Columbia University.