

Cignature Realty Associates closes three sales totaling $109.6 million; Includes $23 million sale of
New York, NY According to Cignature Realty Associates, the firm closed three deals totaling $109.6 million. In the first sale, a private investor bought a mixed-use building at 1616 Amsterdam Ave. in Hamilton Heights for $23 million from Sugar Hill Capital Partners. The 58,810 s/f, seven-story, 1916 elevator building features a mixture of 54 free market, rent-stabilized and rent controlled apartments. The sale price was 17.3 times the current rent roll. The building also hous
Cignature Realty closes third Sugar Hill deal
Cignature Realty Associates announced that a private investor has bought a mixed-use building at 1616 Amsterdam Avenue in Hamilton Heights for $23 million from Sugar Hill Capital Partners.
The 58,810 s/f, seven-story, 1916 elevator building features a mixture of 54 free market, rent-stabilized and rent controlled apartments. The sales price was 17.3 times the current rent roll. The building also houses a grocery/deli, coffee shop, laundromat and Mexican restaurant on the str

Cignature Realty Closes $23 Million Hamilton Heights Deal for Sugar Hill Capital Partners
Cignature Realty Associates announced that a private investor has bought a mixed-use building at 1616 Amsterdam Avenue in Hamilton Heights for $23 million from Sugar Hill Capital Partners. The 58,810 square foot, seven-story, 1916 elevator building features a mixture of 54 free market, rent-stabilized and rent controlled apartments. The sales price was 17.3 times the current rent roll. The building also houses a grocery/deli, coffee shop, laundromat and Mexican restaurant on