Vantage pays $40.2M in Washington Heights
August 12, 2008 03:45PM By Adam Pincus
2 Ellwood Street
Companies affiliated with residential apartment owner Vantage Properties bought two adjacent, six-story buildings in Washington Heights for $40.2 million from a real estate company based in Woodmere, N.Y.
The larger property, a 186-unit elevator building located at 34 Hillside Avenue, sold for $23.1 million. The other, a 155-unit elevator building next door at 2 Ellwood Street, sold for $17.1 million.
The seller was Abro Management, a person with the company said.
The sale closed July 30, according to property records.
Capin and Associates represented both the buyer and seller in the transactions.
"Washington Heights is one of New York's most vibrant and historic neighborhoods," Neil Rubler, president and chief executive officer of Vantage Properties, said in a statement.
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Comments
Anonymous
This is in Inwood or if you are the post office... Fort George but this is NOT Washington Heights. Washington Heights ends at 181st street
Comment #1 Posted By: Anonymous 08/12/08
tani p.
Re: Comment #1 From Wikipedia: Though the neighborhood was once considered to run as far south as 125th Street, modern usage defines the neighborhood as running north from Harlem (Hamilton Heights) at 155th Street to Inwood, topping out just below Dyckman Street.
Comment #2 Posted By: tani p. 08/12/08
Inwood Resident
I consider it a border area. I'd call it Fort George since I'm that type of person. But what I really want to know is what this purchase means for the area....Hmmmm
Comment #3 Posted By: Inwood Resident 08/13/08
Anonymous
Theses guys have done more for Inwood that all NY activists, this buy means more quality housing for NY residents.
Comment #4 Posted By: Anonymous 08/13/08
Anonymous
This means that like all other neighborhoods since the dawn of NY, this one too shall become more expensive. Not exactly breaking news.
Comment #5 Posted By: Anonymous 08/13/08
Anonymous
Instead of buying more apartments they should work on giving the tenants the services they need; repairs. Trying to drive the tenants out of the building so they can raise the rent up and earn more profit -_-' They need to stop this.
Comment #6 Posted By: Anonymous 08/14/08
Inwoodite - born & raised
Actually, that's wrong. Inwood starts at Dyckman Street and ends right before the Broadway Bridge. I don't know why people never get this right.
Comment #7 Posted By: Inwoodite - born & raised 09/08/08
KrisBelucci
Hi, good post. I have been wondering about this issue,so thanks for posting.
Comment #8 Posted By: KrisBelucci 06/01/09