1133 Ogden Ave., in the Bronx
NEW YORK CITY—Stellar Management sold its Bronx residentialbuilding known as Highbridge House at 1133 Ogden Ave. for $76.24million to a joint venture of Camber Property Group, Belveron RealEstate Partners and the New York City Department of HousingPreservation and Development, according to Real Capital Analytics.Rosewood Realty Group's Aaron Jungreis brokered the dealrepresenting both buyer and seller. The deal closed on Friday.
In June 2006, Stellar originally purchased the approximately283,248-square-foot building. During its 13-year ownership, Stellarcompleted building-wide improvements. This included apartmentrenovations, extensive façade and terrace maintenance work and anew lobby. The owners upgraded common areas and hallways throughoutthe building, replacing the roof and windows and installing newboilers.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
