Vanderpool and Sternhell of Cignature Realty Broker $30 Million Sale; Six-Building Manhattan Portfolio Acquired by Acuity Capital Partners

Acuity Capital Partners, a Chicago-based private investment firm, has bought six buildings as part of a portfolio containing 102 apartments and 21 retail spaces. The sales price was $30 million.

 

The buildings in the portfolio include: 1697-1707 Amsterdam Ave. in Hamilton Heights, 2500-2504 Adam Clayton Powell Blvd. in Harlem and 2090-2092 Amsterdam Ave. in Washington Heights, which is within a few blocks of Columbia Medical Center.“All the properties have tremendous upside in the rents and many of the apartments have preferential rents which the new owners can capitalize on the first few years,” said Peter Vanderpool, the president of Cignature Realty Associates (www.cignaturerealty.com). The entire portfolio sold for 12.88 times the current rent roll.

 

Vanderpool and Cignature Realty’s CEO Lazer Sternhell represented the buyer and seller, a local real estate investor.

Please reload

Recent Posts

Please reload

News Archive

Please reload

Search By Tag

Please reload

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

Main Menu

Investment Sales

Lending Solutions

  • Grey Twitter Icon