NEW YORK CITY-Vantage Properties and partner Area Property Partners have sold 1 Bogardus Place here for $16.25 million.
The 103-unit, seven-story multifamily building was reportedly sold to Doug Eisenberg of investment firm A&E Real Estate of New York City, according to the Real Deal, which could not confirm the identity of the buyer.
Vantage Properties is based in Queens, while Area Property Partners' office is on Columbus Circle. On July 1, Ares Management LLC of Los Angeles announced it had closed on the acquisition of Area Property Partners. No terms of the deal were announced.
Eastern Consolidated Executive Managing Director and Principal R. Stuart Gross and colleagues Max Bryce and Scott Ellard brokered the Bogardus Place transaction. See story in The Real Deal.
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