Sugar Hill Capital Partners

Sugar Hill Capital Partners portfolio

$178.7 million* – walkup 69%, elevator 27%; Manhattan 68%, Brooklyn 31%

340th largest portfolio by dollar value

1,466,813 sqft – walkup 54%, elevator 32%;

226th largest by SF

77 properties – Manhattan 70%, Brooklyn 29%

123th largest

1,551 residential units – Manhattan 71%, Brooklyn 28%

152th largest by residential units

10 foreclosures, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $10 million

Seller company: 5 for $21.6 million

Borrower company: 1 for $8.2 million

Recent activity as company:

Sugar Hill Capital Partners sold 300 West 114th and 2107 8th Avenue, Harlem, Manhattan for $3,310 to Series 2020-SB80 and CWCapital Asset Management on September 30, 2024.

T30 Capital and Sugar Hill Capital Partners sold 1713 8th Avenue, South Slope, Brooklyn for $3.8 million to Lipa Engel on September 19, 2024.

Sugar Hill Capital Partners sold 231 North Henry Street, Greenpoint, Brooklyn for $5.3 million to Pambar Realty on January 11, 2024.

Sugar Hill Capital Partners borrowed $8.2 million from SME Capital Ventures for 44 West 8th Street, Greenwich Village, Manhattan on October 19, 2023.

Steven P. Grundwerg sold 44 West 8th Street, Greenwich Village, Manhattan for $10 million to Sugar Hill Capital Partners on October 19, 2023.

Sugar Hill Capital Partners sold 230 West 116th Street, Harlem, Manhattan for $2 million to company on July 10, 2023.

Sugar Hill Capital Partners sold 4300 Broadway, Washington Heights, Manhattan for $10.4 million to Treetop Development on May 03, 2023.

Sugar Hill Capital Partners sold 510-512 West 146th Street, Harlem, Manhattan for $1.6 million to company on February 06, 2023.

Sugar Hill Capital Partners sold 638-644 West 160th Street, Washington Heights, Manhattan for $3.7 million to company on February 06, 2023.

Sugar Hill Capital Partners sold 617 West 143rd Street, Harlem, Manhattan for $6.1 million to Cedarbridge Management on February 02, 2023.

Latest Stories:

• Lipa Engel pays $3.8M to Sugar Hill for 29-unit conversion in South Slope (September 20, 2024)

• Courts roundup: Receiver for $77M Walter & Samuels building; $21M LIC note sold; Auction set for Sugar Hill rental (May 07, 2024)

• Pambar Realty pays $5.3M to Sugar Hill for 6-unit walkup in Greenpoint (January 12, 2024)

• Buyer pays $10M for retail in Greenwich Village (October 20, 2023)

• Cedarbridge Management pays $10.4M to Sugar Hill for 54-unit rental in Washington Heights, bought for $21.6M in 2016 (May 04, 2023)

• Cedarbridge Management signs $10.8M loan for 4 Manhattan properties acquired from Sugar Hill (February 08, 2023)

• Cedarbridge Management pays $6.1M to Sugar Hill Capital Partners for 35-unit rental elevator in Harlem (February 03, 2023)

• Sugar Hill Capital Partners sells 10-unit walkup in Harlem, 19th sale in year totaling $69M (February 02, 2023)

• Indev pays $8 million to Sugar Hill Capital for two walkups in Brooklyn (January 25, 2023)

• Hirshmark buys $2.7M note secured by Sugar Hill Capital walkup in Harlem (January 10, 2023)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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