Real Estate Weekly: Deals & Dealmakers

SALES

Cignature Realty Associates announced the following sales:

561-563 West 140th Street in Hamilton Heights, Manhattan for $7.425 million. The five-story multifamily walk-up building has 26 units and 17,205 s/f. It was built in 1920. Peter Vanderpool represented the buyer, Sugar Hill Capital Partners and Michael Tortorici of Ariel Property Advisors represented the seller, 561 Building CO, Inc.
319 East 93rd Street on the Upper East Side of Manhattan between 1st and 2nd Avenues was sold for $6 million. The five-story multifamily walk-up building has 10 apartments. The 8,648 s/f building was built in 1920. Cignature Realty represented the sellers, Diana Cormack and Jonathan Bradshaw, and Peter Vanderpool represented the buyer, 319 East 93rd Street LLC, a local real estate investor.

Cignature in The News – "Why NYC Apartment Buildings Are On Sale Now For 50% Off"

Cignature in The News – "Here are NYC’s largest portfolio deals of 2023"

Cignature in The News – "Rent-Stabilized Inwood Portfolio Sells At 44% Discount"

Cignature in The News – "Cut and run: Rent-stabilized landlord sells at 44% haircut"

Cignature in The News – "Coney Realty Acquires Upper Manhattan Multifamily Portfolio for $47M"

Press Release – Cignature Realty Closes 16-Building Multifamily Apartment Portfolio for $47 Million

Cignature Insight – "Today’s Market for Multifamily Housing"

Cignature Insight – "Are Multifamily Housing Units a Good Investment in 2023?"

Cignature in The News –“Why Everyone is Pulling Funds Out of the Stock Market and Investing Into..."

Industry Spotlight – Peter Vanderpool for NYREJ's 2022 Year in Review

Investment Sales