Sternhell and Vanderpool of Cignature Broker $24.5 Million Sale; Portfolio Sold to Adam Mermelstein/

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 565 West 139th St., a six-story, 75-feet-wide elevator building, is located in Hamilton Heights, near Broadway in the gentrifying neighborhood between City College and Columbia’s new expanded campus. The second part of th

Cignature Realty Closes Prime Harlem Portfolio

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 include a French bistro, Harlem Fried Chicken, Shine World Music Venue, a well-known Harlem bar known for its live music, a new restaurant and a barber shop. Lazer Sternhell and Peter Vanderpool of Cignature Realty Associates

Cignature Realty Associates

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.

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Information contained herein is from sources deemed reliable but is subject to errors, omissions, change of price or terms, and withdrawal without prior notice at any time. © 2015 - 2017. Cignature Realty and the skyline quadrilateral are registered trademarks of Cignature Realty Associates Inc.
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