Cignature Realty — Hamilton Heights building trades for $25.5M

Real estate investment firm Sugar hill Capital Partners has sold a 47-unit mixed-use building in Hamilton Heights to Brooklyn-based multifamily landlord Galil Management, formerly known as E&M Associates, for $25.5 million.

The six-story, 65,050 s/f elevator building at 3621 Broadway has 47 apartments, eight stores and an art studio. The building also includes 31,175 s/f of air rights.

Cignature Realty Associates’ Peter Vanderpool and Lazer Sternhell, who represented the buyer and the seller, said Galil Management plans to hold the asset and increase the income of the building.

“This is an extremely large Broadway building on the corner of West 149th Street, a neighborhood that is blossoming on a daily basis,” said Vanderpool. “The building is home to up-and-coming artists and their workshops in the basement.”

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