140
NEW YORK CITY — Madison Realty Capital (MRC) has sold a four-building multifamily property located on West 111th Street in Manhattan for $24.3 million. Acuity Capital Partners purchased the property. Madison initially purchased distressed loans on the four adjacent buildings, located at 136, 140, 144, 148 West 111th St., for $11.8 million in May 2011. MRC acquired the property title at auction in July 2011. The company then renovated 20 of the apartment units. The four buildings total 55,000 square feet with 65 apartment units. Aaron Jungreiss of Rosewood Realty Group represented both the buyer and seller in this transaction.