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Press Release – Cignature Realty Bolsters Brooklyn Market with $225 Million Downtown Deal

New York, NY – Cignature Realty announced the closing of 260 Gold Street, a 13-story, 261,035 square foot multifamily elevator building, for $225,000,000. The property has 286 residential units and is on the northwest corner of Gold and Tillary Streets in Downtown Brooklyn. 260 Gold Street sold for approximately $862 per square foot.

Cignature Realty’s Lazer Sternhell, CEO; Peter Vanderpool, President; and Sarah Mae Selnick, Director, Investment Sales, represented the buyer and the seller in this transaction.

“Cignature Realty is a top Manhattan multifamily investment sales firm and now we’ve been fortunate enough to be warmly embraced by Brooklyn,” says Cignature Realty’s Sarah Mae Selnick, Director, Investment Sales. “The Firm has built and maintains a reputation for having its finger on the pulse of multifamily investment sales in New York City. Our clients’ unwavering trust is our catalyst for completing deals, large and small.”


About Cignature Realty Associates Inc

Cignature Realty is a commercial real estate brokerage company in New York City. The Company, a leader in New York Metro multifamily and apartment building sales, provides unparalleled deal execution supported by exceptional market intelligence for a broad range of real estate investors, from single-property owners to institutional and private equity funds.

The Cignature Realty team has closed hundreds of commercial real estate transactions and has accumulated multiple awards recognizing their achievements and contributions to the New York real estate industry.

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212 519-9875


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