Cignature Realty Associates closed a six-building portfolio sale for $24.5 million that features 147 apartments and four stores. The buyer was Adam Mermelstein/Tree Top Development and the seller a local real estate fund. Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented both the buyer and the seller. The portfolio includes: 565 West 139th St., 27-29 Audubon Ave., 79 Audubon Ave., 516 West 169th St. and 507 West 170th St. The first part of the portfolio at 5
Cignature Realty Associates has brokered the sale of a three-building Harlem portfolio and vacant lot on Adam Clayton Powell Boulevard located in Manhattan’s Central Harlem section. The buildings at 2261, 2267-2269 and 2271-2273 and the lot at 2265 Adam Clayton Powell Boulevard sold for $11.25 million or $272 per square foot. The properties total 41,330 square feet and include three five-story walk-up apartment buildings with a total of 41 apartments and six stores that inclu
Cignature Realty Associates closed the sale of 880 Saint Nicholas Avenue in Sugar Hill, Harlem, for $7 million. The 43,160 s/f property is a six-story elevator 36-unit apartment building. Peter Vanderpool and Lazer Sternhell of Cignature Realty represented both the purchaser and seller.