Recent Sale | $23 million | 1616 Amsterdam Avenue (at West 140th Street) | Brokers: Lazer Sternhell and Peter Vanderpool | Cignature Realty

March 23, 2016

A private investor has bought this 58,810-square-foot, seven-story 1916 elevator building in Hamilton Heights. It offers 14 one-bedrooms, 30 two-bedrooms and 10 three-bedrooms, of which 17 are free-market, 36 are rent-stabilized and one is rent-controlled. The sales price was 17.3 times the rent roll.

 

Buyer: Amsterdam 140 L.L.C.

 

Seller: Sugar Hill Capital Partners

 

Brokers: Lazer Sternhell and Peter Vanderpool, Cignature Realty

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