Newswire Mann Report

Cignature Realty Closes 16-Building Portfolio for $47M

Photo courtesy of Cignature Realty

Cignature Realty has facilitated the sale of a 16-building multifamily portfolio for $47,000,000. The Inwood and Washington Heights Portfolio is comprised of 433 residential units and two stores located across three neighborhoods in Manhattan – Inwood, Washington Heights and Harlem.

The properties include: 109 Sherman Ave., 113 Sherman Ave., 117 Sherman Ave., 121 Sherman Ave., 125 Sherman Ave., 129 Sherman Ave., 133 Sherman Ave., 252 Sherman Ave., 22 Post Ave., 26 Post Ave., 30 Post Ave., 34 Post Ave., 38 Post Ave., 66 Vermilyea Ave., 519 West 143rd St. and 574 West 161st St.

The 385,968-square-foot portfolio sold for approximately $122 per square foot.

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