Vanderpool and Sternhell of Cignature Realty Broker $30 Million Sale; Six-Building Manhattan Portfol

Acuity Capital Partners, a Chicago-based private investment firm, has bought six buildings as part of a portfolio containing 102 apartments and 21 retail spaces. The sales price was $30 million. The buildings in the portfolio include: 1697-1707 Amsterdam Ave. in Hamilton Heights, 2500-2504 Adam Clayton Powell Blvd. in Harlem and 2090-2092 Amsterdam Ave. in Washington Heights, which is within a few blocks of Columbia Medical Center.“All the properties have tremendous upside in the rents and many of the apartments have preferential rents which the new owners can capitalize on the first few years,” said Peter Vanderpool, the president of Cignature Realty Associates (www.cignaturerealty.com). Th

Cignature Sale

ACUITY CAPITAL PARTNERS Acuity Capital Partners, a Chicago-based private investment firm, has bought six buildings in Upper Manhattan as part of a portfolio containing 102 apartments and 21 retail spaces. The buildings in the portfolio include: 1697-1707 Amsterdam Avenue in Hamilton Heights, 2500-2504 Adam Clayton Powell Blvd in Harlem and 2090-2092 Amsterdam Avenue in Washington Heights, which is within a few blocks of Columbia Medical Center. “All the properties have tremendous upside in the rents and many of the apartments have preferential rents which the new owners can capitalize on the first few years,” said Peter Vanderpool, the president of Cignature Realty Associates. The entire por

Acuity Capital Partners: Cignature Sale

Acuity Capital Partners, a Chicago-based private investment firm, has bought six buildings in Upper Manhattan as part of a portfolio containing 102 apartments and 21 retail spaces. The buildings in the portfolio include: 1697-1707 Amsterdam Avenue in Hamilton Heights, 2500-2504 Adam Clayton Powell Blvd in Harlem and 2090-2092 Amsterdam Avenue in Washington Heights, which is within a few blocks of Columbia Medical Center. “All the properties have tremendous upside in the rents and many of the apartments have preferential rents which the new owners can capitalize on the first few years,” said Peter Vanderpool, the president of Cignature Realty Associates. The entire portfolio sold for 12.88 ti

Acuity Capital Partners Buys Six-Building Manhattan Portfolio for $30M

Chicago-based Acuity Capital Partners has purchased a six-building portfolio in Upper Manhattan for $30 million. The portfolio consists of 102 apartment units and 21 retail spaces. The buildings include 1697-1701 Amsterdam Ave. in Hamilton Heights, 2500-2504 Adam Clayton Powell Blvd. in Harlem and 2090-2093 Amsterdam Ave. in Washington Heights. The portfolio sold for 12.88 times its current rent roll. Peter Vanderpool and Lazer Sternhell of Cignature Realty Associates represented the buyer and seller, a local real estate investor, in the deal.

Acuity Capital Buys Six-Building Manhattan Portfolio for $30M

Acuity Capital Partners, a Chicago-based private investment firm, has bought six buildings in Upper Manhattan as part of a portfolio containing 102 apartments and 21 retail spaces, Commercial Observer has learned. The buildings in the portfolio include 1697-1707 Amsterdam Avenue in Hamilton Heights, 2500-2504 Adam Clayton Powell Jr. Blvd. in Harlem and 2090-2092 Amsterdam Avenue in Washington Heights. Altogether, the portfolio contains 85,120 square feet of space. “All the properties have tremendous upside in the rents and many of the apartments have preferential rents which the new owners can capitalize on the first few years,” said Peter Vanderpool, the president of Cignature Realty Associ

Recent Sale $13.5 Million: 672 Saint Nicholas Avenue

672 Saint Nicholas Avenue 6-story, 48-units Shamah Properties/Peter Vanderpool and Lazer Sternhell, Cignature Realty 672 Saint Nicholas Ave. LP/Peter Vanderpool and Lazer Sternhell, Cignature Realty The property sold for $13.5 million.

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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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