Sales Beat

Springhouse Partners Nabs Two Harlem Buildings for $15.4M

220 West 116th Street and 449 West 125th Street.

Springhouse Partners has scooped up two mixed-use primarily rent-stabilized buildings in Harlem from Teaneck, N.J.-based Treetop Development for $15.4 million, Commercial Observer has learned.

One of the buildings is a 46,080-square-foot, five-story, 40-unit walk-up at 220 West 116th Street between Adam Clayton Powell Jr. and Frederick Douglass Boulevards. The other building is a 16,382-square-foot, six-story, 19-unit walk-up at 449 West 125th Street between Morningside and Amsterdam Avenues. The seven retail spaces in the two buildings are occupied by a Petopia pet supply store, a pharmacy, a daycare center, a beauty salon, as well as other businesses. Read More

Sales Beat

Springhouse Pays $18.2 Million for Brooklyn Apartment Building

902

Springhouse Partners has teamed up with Avenue Realty Capital in the $18.2 million off-market purchase of 902-908 Bedford Avenue, The Commercial Observer has learned.

The 65,000-square-foot building is located in the Clinton Hill neighborhood of Brooklyn, just a few blocks from the Pratt Institute. 

“This area has seen significant positive changes over the past few years Read More

Sales Beat

Springhouse Pays $16M for Second Brooklyn Acquisition in Recent Months

105 Grand Avenue

Springhouse Partners has purchased 105 Grand Avenue, a 38,500-square-foot, newly-constructed residential building in the Clinton Hill section of Brooklyn for $16 million, sources tell The Commercial Observer.

The sale was an off-market deal brokered by Sean Lefkovits, Joe Koicim and Peter Von Der Ahe of Marcus & Millichap; and the seller was a group of undisclosed Brooklyn-based investors that decided to part ways, sources said. Read More