Press Release – Cignature Realty Finalizes Yeshiva Portfolio for $92 Million in Washington Heights
New York, NY – March 17, 2022 – Cignature Realty recently closed a 10-building multifamily portfolio for $92,000,000. The portfolio, referred to as the Yeshiva Portfolio, is comprised of 407 residential units and four commercial units.
The properties, 399 Audubon Avenue, 400 Audubon Avenue, 403 Audubon Avenue, 407 Audubon Avenue, 90 Laurel Hill Terrace, 110 Laurel Hill Terrace, 497 West 182nd Street, 501 West 184th Street, 556 West 185th Street and 480 West 187th Street are located in Washington Heights.
The 377,540 square foot portfolio sold for approximately $244 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 mixed-use 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.
Lazer Sternhell Lazer@CignatureRealty.com (212) 643-1880 ext 18
Markiya Lee Markiya@DesignMattersInc.com (212) 519-9875