Cignature Realty Closes Five-Building Portfolio for $13.8 Million in Central Harlem

New York, NY – Cignature Realty recently closed a five-building multifamily apartment portfolio for $13,750,000. The portfolio is comprised of one six-story multifamily elevator building, one six-story multifamily apartment building, two five-story multifamily apartment buildings and one five-story mixed-use apartment building with a total of 105 apartments and 2 retail stores.

The buildings, 55 West 129th Street, 216 and 224 West 141st Street, 144 West 144th Street and 2570 Adam Clayton Powell Jr. Boulevard, are located between West 129th and West 149th Streets on or close to 2570 Adam Clayton Powell Jr. Boulevard in Central Harlem.

The 93,753 square foot portfolio sold for approximately $147 per square foot.

Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented both the buyer and the seller in this transaction.