X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Vantage Properties

559 West 164th Street
New York, NY 10032
(212) 568-5783
  • 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
  • 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
  • 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 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 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 3915 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 1,039
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 Vantage Properties
  • Party 1 Brokerage Ripco Real Estate
  • Party 1 Broker Brad Cohen
  • Party 2 Manhattan Oral
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker E.N. Cutler
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 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 34 Hillside Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 161,362
  • Price $ 23,100,000
  • Price per foot $ 143.16
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Abro Management
  • Party 1 Brokerage Capin & Associates
  • Party 2 Vantage Properties affiliates
  • Party 2 Brokerage Capin & Associates
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 2 Ellwood Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 119,788
  • Price $ 17,100,000
  • Price per foot $ 142.75
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Abro Management
  • Party 1 Brokerage Capin & Associates
  • Party 2 Vantage Properties affiliates
  • Party 2 Brokerage Capin & Associates
notes
The residential property sold for $17.1 million, or $143 per square foot.
  • 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 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 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
  • Publication Date 02/01/2006
  • Event Date 12/23/2005
  • Party 1 Axelrod family
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Mitchell Konsker and Capital Markets Team
  • Party 2 Apollo Real Estate Advisors, Neil Rubler, Vantage Properties
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.

01/02/2015
Nonetheless, very few landlords had rates that high. For example, Savanna and L&M Development Partners, which in 2012 purchased the Savoy, a 1,802-unit complex of buildings in Harlem, for $82 million, had a rate of 4.8 percent there. That mid-range number was in part because of a hold on nonpayment cases by the prior owner, Vantage Properties, which was being scrutinized by the state...

03/01/2014
Jungreis handles large portfolio sales â€' for example the approximately $350 million sale of former Vantage Properties buildings in Queens to affiliates of A&E Real Estate â€' as well as individual buildings...

02/01/2014
The most active players were companies like Neil Rubler’s Vantage Properties, backed by Apollo Real Estate Advisors (which later changed its name to Area Property Partners), and Joel Wiener’s Pinnacle Group, backed by Praedium Capital and private equity firm Normandy Real Estate Partners...