Irving Langer’s E&M Associates Sells Harlem Portfolio To Sugar Hill Capital For Millions

December 18, 2018

Irving Langer’s E&M Associates, one of the largest multifamily owners in the city, is selling another large portfolio of Harlem apartment buildings.

Sugar Hill Capital Partners bought the collection of buildings from E&M for more than $250 million, sources told The Real Deal.

The buildings are concentrated on the blocks just north of the northwest corner of Central Park, between Manhattan and St. Nicholas’ avenues.

“As a Harlem-based real estate company that integrates sustainability, preservation, design and the arts in historical properties, we feel a responsibility to our neighbors and the local community to steward these buildings with great care for years to come,” Jay Solomon, Sugar Hill’s chief creative officer, told TRD.

Nearly two dozen sales – valued at a few million dollars each – have started to hit public records over the past two days. Those that have been recorded so far for a combined value of more than $87 million. But sources familiar with the package said it totals about 50 buildings valued more than $250 million.

The most expensive of the properties to show up in public records so far is the 24-unit building 120 West 112th Street, which traded for $8.2 million.

Read the entire article here.


By submitting this form, you are consenting to receive marketing emails from: Harlem World Magazine, 2521 1/2 west 42nd street, Los Angeles, CA, 90008, https://www.harlemworldmagazine.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
We're your source for local coverage, we count on your support. SPONSOR US!
Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.
accepted credit cards

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles