Prime Washington Heights Multi-family Building Sold

Crest Realties, a Montreal-based real estate investment group, now owns an entire Manhattan block with the purchase of a prime Washington Heights multi-family building for $9 million. This newest addition to their portfolio, 140 Wadsworth Avenue, is a six-story elevator building with 31 apartments and four professional offices, located on the corner of West 180th Street. The property is adjacent to 4240 Broadway and a few blocks up from 4300 Broadway, two multi-family properties which Crest Realties purchased in November 2013 for $23.7 million. Cignature Realty Associates Peter Vanderpool and Lazer Sternhell represented Crest Realties in both sales and also the seller of 140 Wadsworth, a loc

Cignature Realty Associates — Canadians own Manhattan Block

Crest Realties has acquired a multifamily building in Manhattan’s Washington Heights neighborhood for $9 million. Located at 140 Wadsworth Ave., the six-story building features 31 apartments and four professional offices. The property is adjacent to 4240 Broadway and near 4300 Broadway, two multifamily properties that Crest Realties purchased in November 2013 for $23.7 million. Peter Vanderpool and Lazer Sternhell of Cignature Realty Associates represented the buyer and the seller, 140 Wadsworth (a local family estate), in the transaction. Crest Realties has purchased a Washington Heights multifamily building for $9 million, according to property records made public May 1. The Montreal-based

Crest Realties Acquires Washington Heights Multifamily Building for $9M

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

Crest Realties Buys $9M Washington Heights Building

Crest Realties has purchased a Washington Heights multifamily building for $9 million, according to property records made public May 1. The Montreal-based real estate investment group picked up 140 Wadsworth Avenue at West 180th Street, a 39,578-square-foot, six-story elevator building with 31 apartments and four offices on April 23. The property is adjacent to 4240 Broadway and a few blocks up from 4300 Broadway, two multi-family properties which Crest Realties purchased in November 2013 for $23.7 million. Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell represented both sides of the deal. The seller of 140 Wadsworth is listed in property records as Normandy West Realty LLC

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