Cignature Realty Sells Two Buildings To Canadian Investment Group

January 3, 2014

Cignature Realty Associates recently sold a package of two corner apartment buildings

with 95 units in Washington Heights: 4240 Broadway and 4300 Broadway for $23.7 million. Cignature represented both the seller, Heights Equities Inc., a local real estate investor who has owned both buildings for the last 30 years and the buyer, Crest Realties, a Canadian based real estate investment group.

 

“This transaction indicates that the pace of multi-family building sales is on fire, especially in neighborhoods such as Washington Heights and Inwood in the northern reaches of Manhattan,” said Cignature Realty CEO Lazer Sternhell.

 

4300 Broadway is a six-story elevator apartment building with 52,598 square feet and 54 apartments and one store. 4240 Broadway is also a six-story elevator apartment building with 59,200 square feet and 41 apartments, five stores and one roof antenna.

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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.
Cignature Realty Associates Inc  //  Licensed Real Estate Brokers
825 West End Avenue, Suite 1A  //  New York, NY 10025 
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