Cignature Realty—Harlem Portfolio Sold

August 20, 2014

Cignature Realty Associates has brokered the sale of a three-building Harlem portfolio and vacant lot on Adam Clayton Powell Blvd. located in Central Harlem.

 

The buildings at 2261, 2267-2269 and 2271-2273 and the lot at 2265 Adam Clayton Powell Blvd. sold for $11.25 million, or $272 psf.

 

The properties total 41,330 s/f 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 Inc. represented both the seller, Sugar Hill Capital Partners and the buyer, Treetop Development.

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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.
Cignature Realty Associates Inc  //  Licensed Real Estate Brokers
825 West End Avenue, Suite 1A  //  New York, NY 10025 
212 643-1880

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