Camber Buys $76M Bronx Residential Building from Stellar Management

1133 Ogden Ave., in the Bronx

NEW YORK CITY—Stellar Management sold its Bronx residential building known as Highbridge House at 1133 Ogden Ave. for $76.24 million to a joint venture of Camber Property Group, Belveron Real Estate Partners and the New York City Department of Housing Preservation and Development, according to Real Capital Analytics. Rosewood Realty Group’s Aaron Jungreis brokered the deal representing both buyer and seller. The deal closed on Friday.

In June 2006, Stellar originally purchased the approximately 283,248-square-foot building. During its 13-year ownership, Stellar completed building-wide improvements. This included apartment renovations, extensive façade and terrace maintenance work and a new lobby. The owners upgraded common areas and hallways throughout the building, replacing the roof and windows and installing new boilers.