Cignature in The News – "Cut and run: Rent-stabilized landlord sells at 44% haircut"
September 20, 2023 – The Real Deal
By Suzannah Cavanaugh
Barberry Rose Management sold 16 rent-stabilized buildings for $47 million this month. The properties span Sherman, Post and Vermilyea avenues in Inwood and include 519 West 143rd Street and 574 West 161st Street in Washington Heights.
The brokers on the deal, Cignature Realty’s Lazer Sternhell and Peter Vanderpool, said the sale took “a bit longer than expected,” but ultimately, Barberry Rose and buyer Coney Realty, settled on a “good price.”
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