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.
Cignature Realty closed a $7.2 million deal on the Upper West Side Washington Heights neighborhood for $7.2 million.
The five-story multifamily walk-up apartment building at 574 West 161st street, (between Broadway and Amsterdam Avenue) features 31 apartments. It closed on June 21st.
Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented both the buyer, BSF 574 West 161st street holding LLC and the seller, Hillcrest Acquisitions LLC. It sold for $286 per square foot.