Prana Investments buys Washington Heights portfolio: $45.5 million

Manhattan, NY Prana Investments has purchased a $45.5 million portfolio of three, five-story multifamily walk-up buildings with 195 units in Washington Heights.

The seller was A & E Real Estate Holdings, headed by Douglas Eisenberg. Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented the buyer and Rosewood Realty’s Aaron Jungreis represented the seller.

The buildings are located at 37 Sickles and 30 Sickles St. and 95 Thayer St. Together they total 148,850 s/f and have a cap rate of cap rate of 3.8%. They sold for $305 per s/f or 14.6 times the current rent roll.

37 Sickles Street - Manhattan, NY

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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