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Deals & Dealmakers

Cignature closes on $14M multifamily sale

Cignature Realty recently closed a two-building multifamily apartment portfolio for $14,100,000.

The portfolio is comprised of one 6-story multifamily elevator building and one 6-story multifamily apartment building, with a total of 61 apartments and 9 retail stores.

Both buildings are located in Harlem: 1480 Amsterdam Avenue (pictured top) is located on the northwest corner of Amsterdam Avenue and West 133rd Street and 520 West 136th Street is located between Amsterdam Avenue and Broadway.

The 60,756 square foot portfolio sold for approximately $232 per square foot.

Cignature Realty’s Lazer Sternhell and Peter Vanderpool represented both the buyer and the seller in this transaction.

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