Cignature in The News – "Rent-Stabilized Inwood Portfolio Sells At 44% Discount"
September 21 , 2023 – Bisnow
By Ciara Long
The 16 properties sold to Coney Realty for $47M, a 44% discount from the $83.6M price that Barberry Rose paid for the portfolio in 2016, The Real Deal reported.
“That’s just a reflection of where the market is,” Cignature Realty’s Lazer Sternhell, who brokered the deal for both Coney Realty and Barberry Rose along with Peter Vanderpool, told The Real Deal.
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