JERICHO, N.Y. — Rosen Associates Management Corp. has facilitated a $30 million sale of 30 West 70th Street, a luxury high-rise apartment building, on behalf of an estate. The sales price represents an approximate 4 percent capitalization rate on the in-place income.
Rosen Associates Management Corp. was the exclusive and sole broker in this transaction. The purchaser was selected after a comprehensive marketing process yielded more than 80 qualified offers. The buyer is a wholly-owned subsidiary of an international investment holding company and has an extensive global real estate portfolio.
Rosen Associates Management Corp. is a full-service national real estate company involved in commercial property ownership, management and advisory services.
For more information on this transaction or to inquire how Rosen Associates Management Corp can help you maximize the value of your portfolio, please contact David Rosen, Executive Vice President or Seth Kestenbaum, Director of Advisory Services at 516-333-2000.
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