Cignature Realty Brokers $24.5M Sale of six-Building Mixed-Use Portfolio

September 18, 2014

NEW YORK CITY — Cignature Realty Associates has brokered the sale of a six-building portfolio in northern Manhattan.

 

Adam Mermelstein/Treetop Development purchased the portfolio, which features 147 apartments and four retail stores, from a local real estate fund for $24.5 million. The portfolio includes 565 West 139th Street, 27-29 Audubon Avenue, 79 Audubon Avenue, 516 West 169th Street and 507 West 170th Street. Located in Hamilton Heights, 565 West 139th Street is a six-story, 75-foot-wide elevator building. The remaining buildings are located in Washington Heights across the street from Columbia Medical Center.

 

Lazer Sternhell and Peter Vanderpool of Cignature Realty represented both the buyer and seller 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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