Press Release – Cignature Realty Closes 16-Building Multifamily Apartment Portfolio for $47 Million
New York, NY – Cignature Realty facilitated the sale of a 16-building multifamily portfolio for $47,000,000. The Inwood and Washington Heights Portfolio is comprised of 433 residential units and 2 stores located across three neighborhoods in Manhattan – Inwood, Washington Heights, and Harlem.
The properties include: 109 Sherman Avenue, 113 Sherman Avenue, 117 Sherman Avenue, 121 Sherman Avenue, 125 Sherman Avenue, 129 Sherman Avenue, 133 Sherman Avenue, 252 Sherman Avenue, 22 Post Avenue, 26 Post Avenue, 30 Post Avenue, 34 Post Avenue, 38 Post Avenue, 66 Vermilyea Avenue, 519 West 143rd Street, and 574 West 161st Street.
The 385,968 square foot portfolio sold for approximately $122 per square foot.
Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented both the buyer and the seller in this transaction.
About Cignature Realty Associates Inc
Cignature Realty is a commercial real estate brokerage company located 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.
For additional information, please visit CignatureRealty.com.