Vanderpool and Sternhell of Cignature Realty close $13.25 million sale of Washington Heights property

December 05, 2017 - Front Section
Peter Vanderpool,
Cignature Realty Associates

 

Lazer Sternhell,
Cignature Realty Associates

 

Manhattan, NY Cignature Realty Associates closed a $13.25 million sale of a six-story corner multifamily elevator building with 54 apartments in the borough’s Washington Heights neighborhood.

The 41,736 s/f building at 221 Wadsworth Ave., was built in 1928,  and sold for 17.4 times the current annual rent roll, at a cap rate of 3.22%.

Cignature Realty’s Peter Vanderpool and Lazer Sternhell represented the buyer and the seller.

More from the New York Real Estate Journal