Sternhell, Vanderpool and Selnick of Cignature Realty handle $225 million sale of 261,035 s/f multifamily elevator building

Brooklyn, NY Cignature Realty completed the closing of 260 Gold St., a 13-story, 261,035 s/f multifamily elevator building. The subject sold for $225 million. The property has 286 residential units and is located downtown, on the northwest corner of Gold and Tillary Sts. 260 Gold St. sold for $862 per s/f.

Cignature Realty’s Lazer Sternhell, CEO; Peter Vanderpool, president; and Sarah Mae Selnick, director, investment sales, represented Dalan Management, the buyer, and Abraham Mandel with Bruman Realty, the seller, in this transaction.

“Cignature Realty is a top Manhattan multifamily investment sales firm and now we’ve been fortunate enough to be warmly embraced by Brooklyn,” said Selnick. “The firm has built and maintains a reputation for having its finger on the pulse of multifamily investment sales in New York City. Our clients’ unwavering trust is our catalyst for completing deals, large and small.”

Tags: Brokerage

Reprint

Previous Story Next Story

Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27^th floor of 1270 Avenue of the Americas at

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

EP Inspections + Commissioning delivers special inspections for Hinomi’s showroom

Columns and Thought Leadership

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent