NEW YORK CITY—Madison Realty Capital has been busy. On Tuesday the firm acquired two five-story mixed-use elevator buildings in Harlem while, just the day before, it sold a portfolio of several buildings uptown.
Madison Realty bought 2053 Frederick Douglass Blvd. and 300 W. 112th St., in partnership with RWN Real Estate Partners LLC, for $30 million in an off-market transaction. Together, the two adjacent buildings, situated between 111th and 112th streets, comprise 55,000 square feet. The properties include 50 residential units and two retail units totaling approximately 3,750 square feet, as well as 30,000 square feet of additional residential development rights.
Meanwhile, MRC has sold a portfolio comprised of 528-538 W. 159th St., 220 W. 149th St. and 2546-2548 7th Ave, to an undisclosed foreign buyer for $23.4 million. The portfolio collectively includes 125 apartment units and two retail stores.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
