Cignature Realty Closes Two Upper Manhattan Buildings for Close to $20 Million

Cignature Realty Associates announced they have closed the sale of two Upper West Side buildings. The first at 3820 Broadway, at the corner of Broadway and West 159th in Washington Heights, sold for $15 million. The six-story elevator apartment building has 38 apartments and six stores. The 43,748-square-foot building sold for 16 times the rent roll. It was built in 1907. Cignature Realty's Lazer Sternhell and Peter Vanderpool represented both the buyer, Broadway 3820 LLC and the seller, 3820 Broadway LLC. The other building, 65 Nagle Avenue in Inwood, sold for $3.95 million. The building is a five-story walk-up apartment building with 26 apartments. The 21,080-square-foot building was built

Buys: 3820 Broadway

Address 3820 Broadway Size 6-story, 44 units total, 43,748 sf Buyer/Representative Broadway 3820 LLC/Lazer Sternhell and Peter Vanderpool, Cignature Realty Seller/Representative 3820 Broadway LLC/Lazer Sternhell and Peter Vanderpool, Cignature Realty Notes The property sold for $15 million. Address 1697-1701 Amsterdam Ave., 2500-2504 Adam Clayton Powell Blvd, 2090-2093 Amsterdam Ave Size 6-bldgs, 123 units total Buyer/Representative Acuity Capital Partners/Peter Vanderpool and Lazer Sternhell, Cignature Realty Associates Seller/Representative n/a/ Peter Vanderpool and Lazer Sternhell, Cignature Realty Associates Notes The six properties sold for $30 million.

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Information contained herein is from sources deemed reliable but is subject to errors, omissions, change of price or terms, and withdrawal without prior notice at any time. © 2015 - 2017. Cignature Realty and the skyline quadrilateral are registered trademarks of Cignature Realty Associates Inc.
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