Deals & Dealmakers // Sales

Cignature Realty closed the following deal: The sale of 541 West 144th Street in Hamilton Heights, Manhattan (Between Broadway and Amsterdam Avenue) for $4.55 million. This is a 14,190 sq. ft. five-story walk-up apartment building with 20 rental apartments. It sold for 18.5 times the rent roll and has a cap rate of 2.6 percent.

 

Cignature Realty’s Peter Vanderpool and Lazer Sternhell represented both the seller, 144 Street Properties, LLC. and the buyer, a local real estate investor.

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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 
212 643-1880

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