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Jonathan F.P. Rose Of Jonathan Rose Companies Acquires 126-Unit Caroline Apartments From Jeff T. Blau For $53M

Property Image
SOLD
$53,000,000

New York

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MultiFamily
Sold 03/20/2026
the dealdetailscomps
Property Image
SOLD

Jonathan F.P. Rose Of Jonathan Rose Companies Acquires 126-Unit Caroline Apartments From Jeff T. Blau For $53M

210 Sherman Avenue

See Similar Deals
MultiFamily
Sold 03/20/2026
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily asset involved in this transaction is located at 210 Sherman Avenue in Manhattan. The property consists of 126 residential units and was sold for $53,000,000, which translates to a per-unit price of $420,635.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $53,000,000
  • Units: 126
  • Price Per Unit: $420,635
  • Buyer: Jonathan F.P. Rose - Jonathan Rose Companies
  • Seller: Jeff T. Blau - Related Companies
  • Date of Transaction: 03/20/2026
  • Market: Manhattan

Jonathan Rose Companies acquired the Caroline Apartments as part of its eighth transaction under the Rose Affordable Housing Preservation Fund VI. The buyer plans to ensure affordability through a 20-year Section 8 HAP renewal and a 60-year tax abatement.

Players

JC
Jonathan Rose Companies
BUYER
Related Companies
Related Companies
SELLER

Details

SOLD
IMAGE: Jonathan F.P. Rose & Jeff T. Blau DATE: 03/20/2026 ADDRESS: 210 Sherman Avenue MARKET: Manhattan ASSET TYPE: Multifamily BUYER: Jonathan F.P. Rose - Jonathan Rose Companies (@JonathanRoseCompanies) SELLER: Jeff T. Blau - Related Companies (@RelatedCos) SALE PRICE: $53,000,000 UNITS: 126 ~ PPU: $420,635 NOTE: Jonathan Rose Companies acquired the 126-unit Caroline Apartments in Manhattan for $53M, its eighth deal under the Rose Affordable Housing Preservation Fund VI, with plans to extend affordability via a 20-year Section 8 HAP renewal and a 60-year tax abatement.

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