Cignature Realty — Hamilton Heights building trades for $25.5M

Real estate investment firm Sugar hill Capital Partners has sold a 47-unit mixed-use building in Hamilton Heights to Brooklyn-based multifamily landlord Galil Management, formerly known as E&M Associates, for $25.5 million. The six-story, 65,050 s/f elevator building at 3621 Broadway has 47 apartments, eight stores and an art studio. The building also includes 31,175 s/f of air rights. Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell, who represented the buyer and the seller, said Galil Management plans to hold the asset and increase the income of the building. “This is an extremely large Broadway building on the corner of West 149th Street, a neighborhood that is blossoming

Sugar Hill Sells Upper Manhattan MF Building

Sugar Hill Capital Partners has sold a 47-unit mixed-use building in the Hamilton Heights section of Manhattan to Brooklyn-based multifamily landlord Galil Management—formerly known as E&M Associates—for over $25 million. The six-story, 65,050-square-foot building at 3621 Broadway is an elevator building with 47 apartments, eight stores and an art studio. The building also includes 31,175 square feet of air rights. Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell, who represented the buyer and the seller, says Galil Management plans to hold the asset and increase the income of the building.

Hamilton Heights Multifamily Sold for $25.5M — Sugar Hill Capital Divests Mixed Use Building on Broa

Brooklyn-based multifamily landlord Galil Management, formerly E&M Associates, acquired the mixed-use building at 3621-3629 Broadway in New York City from Sugar Hill Capital Partners for $25.5 million. Built in 1920, the six-story, 65,050-square-foot elevatored building is comprised of 47 residential units, eight commercial stores, and an art studio. The deal also includes 31,175 square feet of additional air rights. “This is an extremely large Broadway building on the corner of West 149th Street, a neighborhood that is blossoming on a daily basis,” said Peter Vanderpool, broker with Cignature Realty Associates. “The building is home to up-and-coming artists and their workshops in the baseme

Sugar Hill Capital Sells Hamilton Heights Building for $25.5M: Mixed-use property contains 47 apartm

Sugar Hill Capital Partners sold a mixed-use property in Hamilton Heights to Brooklyn-based landlord Galil Management, formerly known as E&M Associates, for $25.5 million. The elevator building at 3621 Broadway contains 47 apartments, eight stores and an art studio, the New York Observer reported. It stands six stories tall and spans 65,000 square feet, with 31,000 square feet of unused air rights. Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell represented both the buyer and the seller. Galil Management plans to hold the building and increase its income, according to a Cignature spokesperson. Prior to changing its name to Galil Management, E&M Associates sold of the last o

Sugar Hill Capital Sells Hamilton Heights Building to E&M Associates for $25.5M

Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell represented the buyer and the seller in the April 16 deal. Galil Management plans to hold the asset and increase the income of the building, a spokeswoman for Cignature said. “This is an extremely large Broadway building on the corner of West 149th Street, a neighborhood that is blossoming on a daily basis,” said Mr. Vanderpool in prepared remarks. “The building is home to up-and-coming artists and their workshops in the basement.” Mr. Sternhell noted that the seller gut-renovated many of the apartments.

Cignature Realty Associates Sells 1345-1349 Amsterdam Avenue in Manhattanville

Cignature Realty Associates announced the sale of 1345-1349 Amsterdam Avenue in Manhattanville. The five-story, walkup of three contiguous buildings, contains 25 apartments and six stores. Peter Vanderpool and Lazer Sternhell of Cignature Realty Associates represented both the seller, 1345 Amsterdam Avenue Owner LLC, a Brooklyn-based local investor, and the buyer, 1345 Amsterdam Avenue LLC, a Manhattan investor. The property spans 84 feet of frontage from West 125th Street to West 126th Street on the east side of Amsterdam Avenue.

25-Unit Apartment Community Sells for $7.7M in Upper Manhattan

NEW YORK CITY — Cignature Realty Associates has brokered the sale of a three-building apartment community located at 1345-1349 Amsterdam Ave. in Manhattanville for $7.7 million. The five-story buildings feature 25 apartments and six storefronts. Peter Vanderpool and Lazer Sternhell of Cignature Realty Associates represented the seller, Brooklyn-based 1345 Amsterdam Avenue Owner LLC, and the buyer, Manhattan-based 1345 Amsterdam Avenue LLC, in the transaction.

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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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