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Bronx building fetches $17m.


In what is representative of the stellar growth of Bronx Bronx, river, c.20 mi (30 km) long, issuing from Kensico Reservoir, SE N.Y., and flowing SW through the Bronx into the East River. The Bronx River Parkway, one of the first limited-access highways in the New York City area, parallels a portion of the river.  residential properties over the past years, Friedman-Roth Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Corp announced the sale of 1221-1231 White Plains Road for $17.5 million..

In 1977, Friedman-Roth Realty Corp. sold the property to its current owner for $699,000, or just over two times the annual rent. At that time, the property, four six-story apartment buildings with 210 residential units and six stores, had a rent roll of $333,000.

Today, the combined rent roll of the buildings was just over $2 million and the property was sold for eight and three quarters times the rent

The seller was represented by Eric ERIC Educational Research Information Clearinghouse
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 Roth of Friedman-Roth Realty Corp. and Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1].  Ezratty of Eastern Consolidated. The purchaser was procured by George Niblock of Friedman-Roth Realty Corp.
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Article Details
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Title Annotation:Friedman-Roth Realty Corp
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 19, 2005
Words:131
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