Vantage Properties | The Real Deal New York

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Vantage Properties

559 West 164th Street
New York, NY 10032
(212) 568-5783

07/05/17
...least 40 of their buildings. AREA Property Partners and Vantage Properties, two large private equity-backed shops active in the mid-2000s, acquired the seven buildings...

05/01/17
...in two deals alone. AREA Property Partners and Vantage Properties, two large private equity-backed shops that went on a rent-regulated buying tear in the...

...a financial hit, and “predatory equity” stepped in. Vantage Properties was widely accused of being one of those predatory players, coughing up $1 million in...

12/08/16
...did A&E. AREA Property Partners and Vantage Properties, two large private-equity shops that went on a rent-regulated shopping spree in the mid-...

10/21/16
...investment firm Sentinel Real Estate bought in 2012 from Vantage Properties and AREA Property Partners, now known as Candlebrook Properties and Ares Management, respectively. Sentinel...

...people in the industry, including Neil Rubler of Vantage Properties. However, Rubler told TRD he had never provided any intel or said anything negative...

05/25/16
...Street in Richmond Hill. AREA Property Partners and Vantage Properties bought the buildings through a joint venture in 2008 for a combined $40 million, according to...

05/25/16
...L+M had bought the building in 2012 after Vantage Properties ran into financial trouble while trying to deregulate hundreds of regulated units there (and...

12/02/15
...improvement over the previous ownership, Neil Rubler’s Vantage Properties , which many considered predatory in its quest to destabilize 20 percent of Savoy Park’s...

10/08/15
...was first reported by Real Estate Weekly. Before Vantage Properties sold the building to Treetop, Saxon Hall sold in 2008 for $74 million. Elsewhere in Rego...

03/16/15
...streets, span a combined 126,000 square feet. Candlebrook, formerly Vantage Properties, put the properties on the market in November asking $45 million. There are 132 apartments and...

...maintain,” said Rubler, whose firm, formerly known as Vantage Properties, manages seven residential properties in New York and New Jersey. Some firms are trying...

...hold on nonpayment cases by the prior owner, Vantage Properties, which was being scrutinized by the state. “The number of open court cases at...

11/03/14
...Rubler's Midtown East-based Candlebrook Properties, formerly known as Vantage Properties, listed a pair of 12-story rental buildings in Washington Heights for a combined $45 million...

05/05/14
...of 244 units that were part of a former Vantage Properties portfolio in Upper Manhattan. Jungreis declined to comment. Sentinel and Pinnacle did not immediately...

04/15/14
...the portfolio was owned by Normandy Real Estate, Vantage Properties, Westbrook Partners and David Kramer, who owns Colonial Management. Vantage Properties and Kramer are...

...for example the approximately $350 million sale of former Vantage Properties buildings in Queens to affiliates of A&E Real Estate — as well as...

02/25/14
...The portfolio is owned by Normandy Real Estate, Vantage Properties, Westbrook Partners and David Kramer, who owns Colonial Management, the article states. The group...

...active players were companies like Neil Rubler’s Vantage Properties, backed by Apollo Real Estate Advisors (which later changed its name to Area Property...

12/23/13
...portfolio once owned by AREA Property Partners and Vantage Properties has traded for more than $300 million, according to city property records and industry sources...

11/20/13
...a four-building Hamilton Heights portfolio once owned by Vantage Properties and Area Property Partners. The purchase of the 214-unit properties, located at 3489-3499 Broadway...

11/18/13
...the seller, Niblock said. Also in Washington Heights, Vantage Properties has been on a selling spree recently, exiting 34-64 Hillside Avenue for $26 million in...

09/05/13
...Rubler and 34-64 Hillside Avenue Neil Rubler’s Vantage Properties is continuing its Upper Manhattan selling spree with the sale of a Washington Heights...

07/26/13
...the Upper Manhattan property A partnership between Queens-based Vantage Properties and longtime collaborator Area Property Partners has sold an Upper Manhattan multi-family building for...

07/22/13
...in 2007. Last year, the company and frequent partner Vantage Properties also sold an 1,800-unit Harlem apartment complex for $210 million. Ariel Property Advisors and Rosewood...
  • Event Sales
  • Address 139-06 34th Road
  • Neighborhood Flushing
  • Borough Queens
  • Price $ 46,000,000
notes
The portfolio sold for $46 million and included 139-09 34th Road, 102-43 Corona Avenue and 109-05 120th Street.
  • Event Sales
  • Building Name 34-64 Hillside Avenue
  • Address 34 Hillside Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 161,281
  • Price $ 26,000,000
  • Price per foot $ 161.21
  • Publication Date 10/01/2013
  • Event Date 08/22/2013
  • Party 1 Vantage Properties
  • Party 2 34 Hillside Avenue
notes
The property sold for $26 million.
  • Event Sales
  • Address 34-64 Hillside Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Price $ 26,000,000
  • Publication Date 10/01/2013
  • Event Date 08/17/2013
  • Party 1 Vantage Properties
  • Party 2 34 Hillside Avenue
  • Event Sales
  • Address 45 West 139th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 210,000,000
notes
The Savoy Park apartment complex sold for $210 million, Bloomberg News reported. The rent-regulated apartments will remain as affordable housing. AREA Property Partners and Vantage Properties acquired the properties for $175 million in 2006.
  • Event Sales
  • Address Manhattan portfolio
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 65,000,000
  • Event Retail Leasing
  • Address 3915 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 1,039
notes
The tenant signed a 15-year retail lease for an oral care and surgery facility. The reported asking rent was $75 per square foot.
  • Event Retail Leasing
  • Address 3915 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 598
notes
The tenant inked a long-term lease to expand its existing restaurant space. The reported asking rent was $75 per square foot.
  • Event Retail Leasing
  • Address 4451 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 1,200
notes
The specialty foods shop inked a lease to relocate its 4407 Broadway store. The reported asking rent was $60 per square foot.
  • Event Retail Leasing
  • Address 3885 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 431
notes
The dry cleaners signed a lease. The reported asking rent was $85 per square foot.
  • Event Sales
  • Address 2 Ellwood Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 119,788
  • Price $ 17,100,000
  • Price per foot $ 142.75
notes
The residential property sold for $17.1 million, or $143 per square foot.
  • Event Sales
  • Address 34 Hillside Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 161,362
  • Price $ 23,100,000
  • Price per foot $ 143.16
notes
The elevator building sold for $23.1 million, or $143 per square foot. The buyer also acquired an adjacent residential building for $17.1 million (see below).
  • Event Sales
  • Address 72 Vermilyea Avenue
  • Neighborhood Inwood
  • Borough Manhattan
  • Price $ 57,500,000
  • Price per foot $ 142.00
  • Publication Date 06/01/2008
  • Event Date 04/22/2008
  • Party 1 Chatam Realty Management
  • Party 1 Brokerage Luca Capin and Associates
  • Party 2 Vantage Properties, Apollo Real Estate Advisors
notes
The package of five- and six-story rent-regulated buildings sold for $57.5 million. The apartments sold for an average of $122,000 each, or $142 per square foot. The buildings are located at 38-48 Sickles Street, 9-23 Thayer Street, 90 Ellwood Street, 961 St. Nicholas Avenue, 552 & 556 West 188th Street, 566 West 190th Street, 570 West 190th Street, 72 Vermilyea Avenue and 248 Sherman Avenue.
  • Event Sales
  • Address Upper Manhattan portfolio
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 57,500,000
  • Publication Date 06/01/2008
  • Event Date 04/17/2008
  • Party 1 Chatam Realty Management
  • Party 1 Brokerage Luca Capin and Associates
  • Party 2 Vantage Properties, Apollo Real Estate Advisors
  • Event Sales
  • Address 62-60 99th Street
  • Neighborhood Rego Park
  • Borough Queens
  • Price $ 75,000,000
  • Publication Date 05/01/2008
  • Event Date 03/17/2008
  • Party 2 Vantage Properties, Lubert-Adler
  • Event Sales
  • Address 233 West 111th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 78,331
  • Price $ 11,100,000
  • Price per foot $ 141.71
notes
The portfolio sold for $11.1 million, or $142 per square foot. The price represents a capitalization rate of 4.9 percent and a gross rent multiple of 12.9. The properties are located at 201, 203-205, 217 and 233 West 111th Street. The buildings combine for 87 units, including eight studios, 29 one-bedrooms, 24 two-bedrooms and 26 three-bedrooms.
  • Event Sales
  • Address Queens Portfolio
  • Neighborhood Midtown
  • Borough Queens
  • Price $ 300,000,000
  • Publication Date 08/01/2007
  • Event Date 06/17/2007
  • Party 1 Nicholas Haros
  • Party 2 Vantage Properties
  • Event Sales
  • Building Name Delano Village
  • Address Delano Village
  • Borough Manhattan
  • Price $ 175,000,000
notes
Apollo teamed up with competing bidder to buy the complex for a reported $175 million. They will upgrade the property and maintain it as a rental.
Manhattan, 10032
884 RIVERSIDE DRIVE HOLDINGS LLC
...

...hold on nonpayment cases by the prior owner, Vantage Properties, which was being scrutinized by the state. “The number of open court cases at...

...for example the approximately $350 million sale of former Vantage Properties buildings in Queens to affiliates of A&E Real Estate — as well as...

...active players were companies like Neil Rubler’s Vantage Properties, backed by Apollo Real Estate Advisors (which later changed its name to Area Property...
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