Cignature Realty announced it brokered the $11 million trade of a six-building Harlem portfolio.
Brooklyn investor, Howard Hershkovich acquired the properties located at 353 West 115th Street and 362, 364, 366, 368 and 370 West 116th Street, from longtime owner Mitchell Hirth.
The five-story multifamily buildings have a total of 62 residential units and are located between Morningside and Manhattan Avenues in South Harlem.
Public records show Hershkovich mortgaged the properties with a loan of $8.5 million from New York Community Bank.
Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented both the buyer and the seller in this transaction.