Cignature Realty Arranges $12.1M Sale of Apartment Building in Manhattan

NEW YORK CITY — Cignature Realty Associates has brokered the sale of a six-story apartment building located at 964 Amsterdam Ave. in Manhattan Valley. TriArch Real Estate Group acquired the building from The Orbach Group for $12.1 million. Built in 1900, the 21,072-square-foot property features 22 residential apartments and four retail stores. Peter Vanderpool of Cignature Realty represented the buyer, while Elan Teichman, also of Cignature, represented the seller in the deal.

SELLING POINTS: Cignature Realty 
// Orbach sells Manhattan Valley apartment building

The Orbach Group has sold a Manhattan Valley apartment building for $12.1 million. Cignature Realty Associates brokered the sale of the six-story, multifamily property at 964 Amsterdam Avenue. The 21,072 s/f building has 22 residential apartments and four retail stores and is located in Manhattan Valley on the west side of Amsterdam Avenue between West 107th and 108th Streets. Built in 1900, Orbach paid $7.725 million for the property in 2014, according to city records. Cignature Realty’s Peter Vanderpool represented the buyer, TriArch Real Estate Group, while the firm’s Elan Teichman represented the seller.

Cignature Realty closes on deal of 3505 Broadway with Stellar Management

Stellar Management, one of New York City's premier owners and operators of residential and commercial real estate, today announced it has closed on the purchase of 3505 Broadway, a residential building in the heart of Hamilton Heights. Built in 1907, the property was purchased from the estate of Harriet Okun, whose family had owned the building for more than 40 years. The 6-story, 42 unit building also includes five occupied retail storefronts. "The acquisition of this property further cements our presence Hamilton Heights," said Matthew Lembo, a principal at Stellar Management. "Our deep history in the neighborhood, as well as our commitment to upgrading the properties ensures that we wi

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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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