News:
Brokerage
Posted: October 17, 2017
Vanderpool of Cignature Realty handles sale of 76,536 s/f multifamily in Manhattan's Washington Heights neighborhood for $30.8 million
Manhattan, NY Cignature Realty Associates closed the $30.8 million sale of a six-story multifamily double-elevator building with 79 residential apartments and one professional medical office in the Washington Heights neighborhood.
Cignature Realty Associates
The 76,536 s/f building, at 336 Fort Washington Ave., between West 174th and West 175th Sts., sold for $ 402.32 per s/f. The building, that was built in 1924, overlooks J. Wright Park.
Cignature’s Peter Vanderpool represented the buyer, Michael Aryeh of Heritage Realty, and the seller, Fort Washington 336 LP.
The building sold for 17.45 times the current annual rent roll and for a 3.4% cap rate.
Cignature Realty is a commercial real estate brokerage company located in New York City. The Company, a leader in Manhattan 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.
Tags:
Brokerage
MORE FROM Brokerage
United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f
East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
 (2).gif)
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)