NEW YORK CITY—Madison Realty Capital has been busy. On Tuesdaythe firm acquired two five-story mixed-use elevator buildings inHarlem while, just the day before, it sold a portfolio of severalbuildings uptown.
Madison Realty bought 2053 Frederick Douglass Blvd. and 300 W.112th St., in partnership with RWN Real Estate Partners LLC, for$30 million in an off-market transaction. Together, the twoadjacent buildings, situated between 111th and 112th streets,comprise 55,000 square feet. The properties include 50 residentialunits and two retail units totaling approximately 3,750 squarefeet, as well as 30,000 square feet of additional residentialdevelopment rights.
Meanwhile, MRC has sold a portfolio comprised of 528-538 W.159th St., 220 W. 149th St. and 2546-2548 7th Ave, to anundisclosed foreign buyer for $23.4 million. The portfoliocollectively includes 125 apartment units and two retailstores.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
