Sugar Hill Properties Makes $65M UWS Buy
Cignature Realty Associates has brokered the off-market sale of a four-building Upper West Side portfolio for $65 million. Sugar Hill Capital bought the Manhattan Valley properties at a price that equates to $1,050 per square foot. The five-story, walk-up buildings at 471-476 Central Park West have a total of 125 apartments, mostly rent-regulated units. The buildings are located between West 107th and 108th streets, with over 160 feet of frontage on Central Park West. The sit
Cignature Realty Negotiates $21.6M Sale of Residential Building in Manhattan
BY AMY WORKS NEW YORK CITY — Cignature Realty Associates has brokered the sale of a residential building located at 4300 Broadway in Upper Manhattan. Quantum Equities sold the property to Sugar Hill Capital Partners for $21.6 million. Built in 1955, the six-story, elevator-serviced building features 54 residential units and a 6,000-square-foot vacant retail space. The rent-regulated building features a mix of studios and one- and two-bedroom apartments. Lazer Sternhell and Pe
Quantum Equities Sells 4300 Broadway In Washington Heights
Quantum Equities, a privately-owned investor of multi-family and commercial properties in the greater New York Metro area, has sold 4300 Broadway, Washington Heights, New York. Located between 183rd and 184th Streets, the 46,598-square-foot circa 1955 mixed-use property includes 54 residential units and one retail unit on Broadway. Quantum Equities purchased the asset in October 2013 for $9.9 million and in less than 27 months sold it for $21.6 million. The 6,000-square-foot
Quantum Equities Sells Upper Manhattan Resi Building for $21.6M
BY LAUREN ELKIES SCHRAM About two years after purchasing an Upper Manhattan residential rental building for $9.9 million, Quantum Equities has sold it for $21.6 million, the sellers told Commercial Observer. The sale to Sugar Hill Capital Partners closed yesterday. The 1955, six-story elevator building at 4300 Broadway between West 183rd and West 184th Streets has 54 residential units and one 6,000-square-foot vacant retail space. The building is rent-regulated with studios a
Sugar Hill buys four CPW rentals for $65M
Manhattan Valley properties have 160 feet of frontage facing Central Park By Mark Maurer David Schwartz’s Sugar Hill Capital Partners picked up a four-building multifamily portfolio in the Upper West Side’s Manhattan Valley for $65 million — about $1,050 per square foot — in an off-market deal, sources told The Real Deal. The walk-up properties at 471-476 Central Park West have a total of 125 apartments – mostly rent-regulated units. The cluster of buildings is located betwee