Cignature Realty—Harlem Portfolio Sold

Cignature Realty Associates has brokered the sale of a three-building Harlem portfolio and vacant lot on Adam Clayton Powell Blvd. located in Central Harlem.

The buildings at 2261, 2267-2269 and 2271-2273 and the lot at 2265 Adam Clayton Powell Blvd. sold for $11.25 million, or $272 psf.

The properties total 41,330 s/f and include three five-story walk-up apartment buildings with a total of 41 apartments and six stores that include a French bistro, Harlem Fried Chicken, Shine World Music Venue, a well-known Harlem bar known for its live music, a new restaurant and a barber shop.

Lazer Sternhell and Peter Vanderpool of Cignature Realty Associates Inc. represented both the seller, Sugar Hill Capital Partners and the buyer, Treetop Development.