Shamah Properties has closed an $11.1 million deal for a six-story elevator building at 880 Saint Nicholas Avenue in Hamilton Heights. Cignature Realty’s Peter Vanderpool and Lazer Sternhell represented Shamah Properties and their principals Alan Shamah, Eddie Setton and Carl Zekaria, in the purchase of the 37-unit property. Cignature also represented the seller, 880 St. Nick LLC. The cap rate was 3.8 percent. Shamah Properties currently owns and manages some 25 buildings wit
NEW YORK CITY — Cignature Realty has arranged the sale of an apartment building located at 880 Saint Nicholas Ave. in the Hamilton Heights section of Manhattan. Shamah Properties acquired the 37-unit apartment building from 880 St. Nick LLC for $11.1 million. Peter Vanderpool and Lazer Sternhell of Cignature represented the buyer and the seller in the deal.
Deal Sheet Buys Address 30 Stlckles Street, 37 Slckles Street, 95 Thayer Street Size 3-building, 195-unit, 148,850 sf Buyer/Representative Prana Investments/Lazer Sternhell, Peter Vanderpool, Cignature Realty Associates Seller / Representative A&E Real Estate Management / Lazer Sternhell, Peter Vanderpool, Cignature Realty Associates Notes The pair of buildings sold for $45.5 million. Address 605 West 151st Street Size 25-unit, 14,136 sf Buyer/Representative Big City Realty /
NEW YORK, NY Cignature Realty Associates recently closed the $7.65 million sale of a 25-unit Hamilton Heights multifamily building near Riverside Park. The six-story, 31,000 s/f elevator building at 605 West 151st St. was sold to Big City Realty. The seller was Waterbury Realty Management. Cignature Realty Group’s Peter Vanderpool and Lazer Sternhell represented both the buyer and the seller in the transaction. The 1920 building also features a superintendent’s basement unit
Cignature Realty closed the $7.75 million sale of a Manhattanville multifamily rental apartment building to Sugar Hill Partners. The 20-unit, 19,270 sq. ft. building at 615 West 136th Street was built in 1908 and sold for a three percent cap rate. Cignature Realty’s Peter Vanderpool and Lazer Sternhell represented both Sugar Hill Partners and the seller, a Florida-based family trust. Cignature Realty is a commercial real estate brokerage company located in New York City. Cign