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SOLD

Lewis Barbanel Sells 433-Unit Multifamily Portfolio In Inwood, Washington Heights & Harlem For $47M

109 Sherman Avenue, 113 Sherman Avenue, 117 Sherman Avenue, 121 Sherman Avenue, 125 Sherman Avenue, 129 Sherman Avenue, 133 Sherman Avenue, 252 Sherman Avenue, 22 Post Avenue, 26 Post Avenue, 30 Post Avenue, 34 Post Avenue, 38 Post Avenue, 66 Vermilyea Avenue, 519 West 143rd Street & 574 West 161st Street

MultiFamily
385,968 SF
clock iconSold 282 days ago
Lazer Sternhell
Peter Vanderpool
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Summary

Sale
NEW YORK
MultiFamily
385,968 sqft

The recent sale in Inwood, Washington Heights, and Harlem, Manhattan involved a multifamily property comprising 433 units. The property, located at 109 Sherman Ave., 113 Sherman Ave., 117 Sherman Ave., 121 Sherman Ave., 125 Sherman Ave., 129 Sherman Ave., 133 Sherman Ave., 252 Sherman Ave., 22 Post Ave., 26 Post Ave., 30 Post Ave., 34 Post Ave., 38 Post Ave., 66 Vermilyea Ave., 519 West 143rd St., & 574 West 161st St., spans a total of 385,968 square feet. The transaction was completed for a sales price of $47,000,000, resulting in a price per unit of $108,545 and a price per square foot of $122.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $47,000,000
  • Units: 433
  • Price per Unit: $108,545
  • Square Footage: 385,968
  • Price per Square Foot: $122
  • Market: Inwood, Washington Heights & Harlem, Manhattan

Lewis Barbanel acted as the seller in this transaction. The sale was facilitated by Lazer Sternhell and Peter Vanderpool of Cignature Realty Associates, who served as the brokers. With their expertise in New York Metro multifamily and apartment building sales, Cignature Realty has established itself as a leader in the field.

Players

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    3

  • Agents

    2

  • Agencies

    1

Lazer Sternhell's profile picture
Lazer Sternhell
Cignature Realty Associates-image
Chief Executive Officer
$484.4M Sold
Peter Vanderpool's profile picture

Details

Deal Summary
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SOLD
IMAGE: Lazer Sternhell & Peter Vanderpool DATE: 09/14/2023 ADDRESS: 109 Sherman Ave., 113 Sherman Ave., 117 Sherman Ave., 121 Sherman Ave., 125 Sherman Ave., 129 Sherman Ave., 133 Sherman Ave., 252 Sherman Ave., 22 Post Ave., 26 Post Ave., 30 Post Ave., 34 Post Ave., 38 Post Ave., 66 Vermilyea Ave., 519 West 143rd St. & 574 West 161st St. MARKET: Inwood, Washington Heights & Harlem, Manhattan ASSET TYPE: Multifamily SELLER: Lewis Barbanel BROKERS: Lazer Sternhell & Peter Vanderpool - Cignature Realty Associates (@CignatureRealty) SALE PRICE: $47,000,000 UNITS: 433 ~ PPU: $108,545 SF: 385,968 ~ PPSF: $122 NOTE FROM BROKER: Cignature Realty is a leader in New York Metro multifamily and apartment building sales. Visit CignatureRealty.com to view sold deals, recent news, market reports and sign up for current listings.

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Address109 Sherman Avenue, 113 Sherman Avenue, 117 Sherman Avenue, 121 Sherman Avenue, 125 Sherman Avenue, 129 Sherman Avenue, 133 Sherman Avenue, 252 Sherman Avenue, 22 Post Avenue, 26 Post Avenue, 30 Post Avenue, 34 Post Avenue, 38 Post Avenue, 66 Vermilyea Avenue, 519 West 143rd Street & 574 West 161st Street

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