Real estate in brief

December 09, 2009 12:59PM

Cignature closes deal on multi-family building

Cignature Realty Associates has closed on the sale of a multi-family building at 329 West 13th Street for $3.75 million, according to a release sent today. Cignature represented both buyer and seller in the deal, but did not disclose either party’s identity. The five-floor elevator building includes eight studio units and 11 one-bedroom apartments. The building totals 8,885 square feet and collects an average rent on units of $1,425, according to a release.

Greenwich Club Residences puts rentals on sales market

The Greenwich Club Residences, a condominium conversion project at 88 Greenwich Street and Rector Street, has released the 70 remaining units on floors three through five while floors one and two contain retail. There are 87 units total on the floors. The units were constructed when the property was converted from office space to a residential rental property in 2000. Prices at the 452-unit converted office building start at $399,000 for studios and $599,000 for one-bedrooms. Sales in the building started in early 2007 and the development is currently 80 percent closed. TRD