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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.

For the complete article visit Bisnow.


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