Sugar Hill Capital Sells Hamilton Heights Building for $25.5M: Mixed-use property contains 47 apartm

Sugar Hill Capital Partners sold a mixed-use property in Hamilton Heights to Brooklyn-based landlord Galil Management, formerly known as E&M Associates, for $25.5 million.

The elevator building at 3621 Broadway contains 47 apartments, eight stores and an art studio, the New York Observer reported. It stands six stories tall and spans 65,000 square feet, with 31,000 square feet of unused air rights.

Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell represented both the buyer and the seller.

Galil Management plans to hold the building and increase its income, according to a Cignature spokesperson.

Prior to changing its name to Galil Management, E&M Associates sold of the last of its Bronx buildings for $31 million. In March, it sold an eight-building Northern Manhattan portfolio for $44 million. [NYO] — Tess Hofmann

Recent Posts

News Archive

Search By Tag

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