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.”