Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell represented the buyer and the seller in the April 16 deal. Galil Management plans to hold the asset and increase the income of the building, a spokeswoman for Cignature said.
“This is an extremely large Broadway building on the corner of West 149th Street, a neighborhood that is blossoming on a daily basis,” said Mr. Vanderpool in prepared remarks. “The building is home to up-and-coming artists and their workshops in the basement.”
Mr. Sternhell noted that the seller gut-renovated many of the apartments.