Cignature Realty closed the following deal: The sale of 541 West 144th Street in Hamilton Heights, Manhattan (Between Broadway and Amsterdam Avenue) for $4.55 million. This is a 14,190 sq. ft. five-story walk-up apartment building with 20 rental apartments. It sold for 18.5 times the rent roll and has a cap rate of 2.6 percent. Cignature Realty’s Peter Vanderpool and Lazer Sternhell represented both the seller, 144 Street Properties, LLC. and the buyer, a local real estate in

The sale of 541 West 144th Street in Hamilton Heights, Manhattan (Between Broadway and Amsterdam Avenue) for $4.55 million.This is a 14,190 sq. ft. five-story walk-up apartment building with 20 rental apartments. It sold for 18.5 times the rent roll and has a cap rate of 2.6 percent. Cignature Realty’s Peter Vanderpool and Lazer Sternhell represented both the seller, 144 Street Properties, LLC. and the buyer, a local real estate investor.

By Amy Works In Multifamily, New York, Northeast NEW YORK CITY — Cignature Realty Associates has brokered the sale of an apartment building located at 541 W. 144th St. in Manhattan’s Hamilton Heights neighborhood. A local real estate investor acquired the five-story walk-up for $4.5 million, or 18.5 times the rent roll. The 14,190-square-foot property features 20 apartments. Peter Vanderpool and Lazer Sternhell of Cignature Realty represented the seller, 144 Street Properties

By Dan Orlando After two years without a hangover to nurse as the new year rolls in, several of New York’s biggest real estate players agree that 2016 may require a bit more aspirin to get through. However, they tend to agree that a relaxed market may not be cause for concern. ... While the general consensus amongst those in the industry is that a price stabilization is both underway and a positive for the market, Lazer Sternhell, CEO of Cignature Realty, is not yet sold on a