Newswire Residential

Rosewood Brokers Sale of 290 East 53rd Street Brooklyn

Rosewood Realty Group has brokered the sale of a 27-unit multifamily building in East Flatbush for $2.4 million.

The four-story walk-up building at 290 East 53rd Street was built in 1920. It sold for a cap rate of 8.23%, a GRM of 5.91, and a price per unit of $88,889. The 25,836 sq. ft. building also sold at $93 per square foot.

Rosewood’s Aaron Jungreis, Ben Khakshoor and Eli Shayestehpour represented both the seller, Barberry Rose Management and the buyer, Mike Kim.