Quantum Equities Sells 4300 Broadway In Washington Heights

washington heights real estate3Quantum Equities, a privately-owned investor of multi-family and commercial properties in the greater New York Metro area, has sold 4300 Broadway, Washington Heights, New York.

Located between 183rd and 184th Streets, the 46,598-square-foot circa 1955 mixed-use property includes 54 residential units and one retail unit on Broadway. Quantum Equities purchased the asset in October 2013 for $9.9 million and in less than 27 months sold it for $21.6 million.

The 6,000-square-foot retail unit was delivered vacant. Situated on a highly active commercial corridor, it is also close to the West 181st Street transportation hub which includes the newly renovated and expanded George Washington Bridge Bus Terminal, anticipated for completion this spring. In addition, the space is near two major subway lines, comprising the A express and 1 local trains.

Quantum Equities was represented by Peter Vanderpool and Lazer Sternhell of Cignature Realty. The purchaser was 4300 Broadway Residences, LLC.

Also:  Affordable Housing Lottery Launches For HDFC Co-Ops In Washington Heights

About Harlem World Magazine

Harlem World Magazine is about living your best life and style around the block and around the world of Harlem.

Leave a Reply

Get The Editor's Picks Newsletter From Our Editor's!

Quality independent publishing doesn't come free. Perhaps it goes without saying — but publishing isn't cheap. At a time when resources and revenue across the country are declining, Harlem World Magazine remains committed to sustaining our mission: creating a more engaged and informed Harlem with every story we cover and every newsletter we send and our work at H.Y.P.E. As a independent magazine, we rely on readers like you to help keep our stories free and our events open to the public. Do you value our independence? Show us with your support. YES, I'LL CONTRIBUTE TODAY! Thank you.