Vegh of Westwood brokers $66.65 million sale of Central Harlem portfolio

Apartment Investment and Management Company (AIMCO) has closed on the sale of a 21-building, mixed-use portfolio in Central Harlem for $66.65 million. The buildings were originally purchased by AIMCO in 2007 as part of a large portfolio from Heritage Realty. The walk-up properties consist of 224 residential units and 30 retail stores which span over three city blocks, mostly on Adam Clayton Powell Blvd. Together they contain 215,000 s/f of space with a great unit mix. The deal was sold as an off-market transaction by Steven Vegh of Westwood Realty Associates who was the sole broker. The purchaser is a private Brooklyn based real estate investment firm who believes in the gentrification of the neighborhood.

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1540 Broadway signs 226,500 s/f of leasing as repositioning drives demand

Manhattan, NY GFP Real Estate and BDT & MSD Partners (BDT & MSD) secured 226,500 s/f of new leasing at 1540 Broadway since unveiling the tower’s $150 million repositioning in January

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