Marcus & Millichap

Steve B. Witten

Overview

Steve Witten is an executive director and a senior vice present of investments for the Institutional Property Advisors (IPA) group of Marcus & Millichap Real Estate Investment Services. He has more than 30 years of commercial real estate experience, specializing in multifamily property sales.
 
Mr. Witten is based in New Haven Connecticut and is a recognized industry leader in apartment analysis and brokerage, well known for his vast knowledge of local and national real estate markets and his expertise in marketing to the right investor pool. He lectures through the United States on apartment building evaluation, state of investment property market, real estate investment strategies and annual state of the apartment markets.  He has developed lasting trusted relationships with his clients, successfully representing over 80 institutional investors and hundreds of private investors over his career, many of them repeatedly.
 
Mr. Witten joined Marcus & Millichap in 1999 and has received numerous sales awards. His honors include the prestigious Chairman's Club and annual National Achievement Awards. For year-ending 2008, Steve was honored as one of Marcus & Millichap's top ten agents throughout the United States. He "set the standard for leadership throughout the multifamily industry."
 
Mr. Witten graduated from Temple University in Philadelphia and earned a master's degree in behavioral psychology at the University of Pennsylvania. He also completed the rigorous CCIM courses CI- 101 through CI- 105. 
 
Mr. Witten has closed more than $5 Billion in multifamily transactions nationally.

Fort Lauderdale
Steve B. Witten

Steve B. Witten

Senior Vice President Investments
Tel: (954) 245-3464
Fax: (203) 672-3312

License:  CT  REB.0735085

Director - Special Asset Services Group
Senior Director - National Multi Housing Group
Executive Director - Institutional Property Advisors - Multifamily Investment Sales

Promoted to Senior Investment Associate in July, 2002
Promoted to Vice President Investments in January, 2008
Promoted to First Vice President Investments in January, 2009
Promoted to Senior Vice President Investments in July, 2013

Chairman's Club - 2005
National Achievement Award - 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001
Sales Recognition Award - 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000

Transactions Closed

  • ShoreLine Portfolio

    ShoreLine Portfolio

    Apartments

    Milford, CT
    Price: $72,403,000
    Size: 335 units
    Cap Rate: 6.00%
    * Closed with a prior firm.

  • Somerset Park Apartments

    Somerset Park Apartments

    Multifamily

    Troy, MI
    Price: $216,000,000
    Size: 2,226 units
    Cap Rate: 6.48%

  • Avalon on Stamford Harbor

    Avalon on Stamford Harbor

    Multifamily

    Stamford, CT
    Price: $114,700,000
    Size: 323 units
    Cap Rate: 5.24%

  • Madison Chestnut Hill & Madison Northwoods

    Madison Chestnut Hill & Madison Northwoods

    Multifamily

    Middletown, CT
    Price: $92,500,000
    Size: 650 units
    Cap Rate: 6.41%

  • Tennessee Portfolio

    Tennessee Portfolio

    Multifamily

    CLARKSVILLE, TN
    Price: $77,000,000
    Size: 01 sqft
    Size: 1,591 units
    Cap Rate: 16.94%

  • Arbor Oaks Apartments

    Arbor Oaks Apartments

    Multifamily

    Boca Raton, FL
    Price: $77,000,000
    Size: 360 units
    Cap Rate: 4.81%

  • Cornerstone at Bedford

    Cornerstone at Bedford

    Multifamily

    Stamford, CT
    Price: $75,100,000
    Size: 311,000 sqft
    Size: 368 units
    Cap Rate: 5.88%

  • Eaves Trumbull

    Eaves Trumbull

    Multifamily

    Trumbull, CT
    Price: $70,250,000
    Size: 340 units
    Cap Rate: 6.09%

  • The Marquis

    The Marquis

    Multifamily

    King of Prussia, PA
    Price: $68,000,000
    Size: 1,031,186 sqft
    Size: 641 units
    Cap Rate: 4.81%

  • Chelsea Ridge & Hudson Harbour

    Chelsea Ridge & Hudson Harbour

    Multifamily

    Wappingers Falls, NY
    Price: $67,750,000
    Size: 817,840 sqft
    Size: 844 units
    Cap Rate: 8.97%

  • Merritt River Residential

    Merritt River Residential

    Multifamily

    Norwalk, CT
    Price: $62,500,000
    Size: 291,000 sqft
    Size: 227 units
    Cap Rate: 0%

  • Broadmoor Apartments

    Broadmoor Apartments

    Multifamily

    Hamden, CT
    Price: $58,500,000
    Size: 419,220 sqft
    Size: 498 units
    Cap Rate: 6.64%

  • Avalon Valley

    Avalon Valley

    Multifamily

    Danbury, CT
    Price: $53,325,000
    Size: 299,923 sqft
    Size: 268 units
    Cap Rate: 6.33%

  • The Hawthorne at Gillette Ridge

    The Hawthorne at Gillette Ridge

    Multifamily

    Bloomfield, CT
    Price: $52,000,000
    Size: 246 units
    Cap Rate: 5.80%

  • Vista Grande at Tampa Palms

    Vista Grande at Tampa Palms

    Multifamily

    Tampa, FL
    Price: $51,000,000
    Size: 401,385 sqft
    Size: 378 units
    Cap Rate: 5.59%

  • TGM Waterford Commons

    TGM Waterford Commons

    Multifamily

    Manchester, CT
    Price: $49,940,000
    Size: 303 units
    Cap Rate: 4.65%

  • Apple Hill

    Apple Hill

    Multifamily

    Hamden, CT
    Price: $48,000,000
    Size: 498 units
    Cap Rate: 0%

  • Parallel 41

    Parallel 41

    Multifamily

    Stamford, CT
    Price: $45,100,000
    Size: 144,579 sqft
    Size: 124 units
    Cap Rate: 6.09%

  • Pine Harbour Apartments

    Pine Harbour Apartments

    Multifamily

    Orlando, FL
    Price: $44,500,000
    Size: 366 units
    Cap Rate: 4.12%

  • The Colonade

    The Colonade

    Multifamily

    Jenkintown, PA
    Price: $43,217,000
    Size: 844 units
    Cap Rate: 6.21%

  • Waterford Commons

    Waterford Commons

    Multifamily

    Manchester, CT
    Price: $42,775,000
    Size: 316,439 sqft
    Size: 303 units
    Cap Rate: 6.23%

  • Wintergreen of Westville

    Wintergreen of Westville

    Multifamily

    New Haven, CT
    Price: $41,650,000
    Size: 294 units
    Cap Rate: 6.73%

  • Hartford Portfolio

    Hartford Portfolio

    Multifamily

    Hartford & New Britain, CT
    Price: $40,375,000
    Size: 903 units
    Cap Rate: 5.94%

  • Three Property Portfolio

    Three Property Portfolio

    Multifamily

    Manchester, CT
    Price: $39,750,000
    Size: 01 sqft
    Size: 510 units

  • Woodcreek Apartments

    Woodcreek Apartments

    Multifamily

    Lancaster, CA
    Price: $38,750,000
    Size: 416 units
    Cap Rate: 6.41%

  • Heather Hill Apartment Homes

    Heather Hill Apartment Homes

    Multifamily

    Temple Hill, MD
    Price: $38,000,000
    Size: 417,339 sqft
    Size: 459 units
    Cap Rate: 7.11%

  • Chestnut Hill Apartments

    Chestnut Hill Apartments

    Multifamily

    Middletown, CT
    Price: $37,600,000
    Size: 319,192 sqft
    Size: 314 units
    Cap Rate: 7.43%

  • Northwoods Apartments

    Northwoods Apartments

    Multifamily

    Middletown, CT
    Price: $37,400,000
    Size: 281,964 sqft
    Size: 336 units
    Cap Rate: 7.20%

  • Westchester County Portfolio

    Westchester County Portfolio

    Multifamily

    Ossining, NY
    Price: $36,500,000
    Size: 233,085 sqft
    Size: 324 units
    Cap Rate: 7.28%

  • Waterford Commons

    Waterford Commons

    Multifamily

    Manchester, CT
    Price: $36,000,000
    Size: 01 sqft
    Size: 303 units

  • Grand Reserve Orange

    Grand Reserve Orange

    Multifamily

    Orange, CT
    Price: $35,300,000
    Size: 163,238 sqft
    Size: 168 units
    Cap Rate: 6.10%

  • Vineyard Commons

    Vineyard Commons

    Multifamily

    Highland, NY
    Price: $35,100,000
    Size: 185 units
    Cap Rate: 6.56%

  • Newbury Village

    Newbury Village

    Multifamily

    Meriden, CT
    Price: $33,500,000
    Size: 176,496 sqft
    Size: 180 units
    Cap Rate: 5.61%

  • 369-Unit Multifamily Non-Performing Loan Portfolio

    369-Unit Multifamily Non-Performing Loan Portfolio

    Apartments Loan Sale (Loan Sale)

    Suburban Connecticut markets, CT
    Price: $32,000,000
    Size: 325,430 sqft
    Size: 369 units
    Cap Rate: 7.65%

  • Festival Field

    Festival Field

    Multifamily Tax Credit

    Newport , RI
    Price: $31,000,000
    Size: 148,015 sqft
    Size: 204 units
    Cap Rate: 7.15%

  • 36 Forest Street

    36 Forest Street

    Multifamily

    Hartford, CT
    Price: $30,350,000
    Size: 01 sqft
    Size: 680 units
    Cap Rate: 0%

  • Northgate Apartments

    Northgate Apartments

    Multifamily

    Middletown, RI
    Price: $29,650,000
    Size: 159,151 sqft
    Size: 179 units
    Cap Rate: 3.55%

  • Clemens Place

    Clemens Place

    Multifamily

    Hartford, CT
    Price: $29,500,000
    Size: 428,150 sqft
    Size: 597 units
    Cap Rate: 10.35%

  • Hudson Harbour

    Hudson Harbour

    Multifamily

    Poughkeepsie, NY
    Price: $28,500,000
    Size: 817,840 sqft
    Size: 844 units
    Cap Rate: 21.32%

  • Antelope Pines

    Antelope Pines

    Multifamily

    Lancaster, CA
    Price: $28,150,000
    Size: 314 units
    Cap Rate: 6.50%

  • TGM Willow Grove at Danbury

    TGM Willow Grove at Danbury

    Multifamily

    Danbury, CT
    Price: $27,750,000
    Size: 135 units
    Cap Rate: 5.04%

  • Hillcroft at Danbury

    Hillcroft at Danbury

    Multifamily

    Danbury, CT
    Price: $27,650,000
    Size: 192 sqft
    Size: 192 units
    Cap Rate: 6.57%

  • Midora at Woodmont Apartments

    Midora at Woodmont Apartments

    Multifamily

    Tamarac, FL
    Price: $27,200,000
    Size: 199 units
    Cap Rate: 6.25%

  • Monarch at Ridge Hill

    Monarch at Ridge Hill

    Multifamily

    Yonkers, NY
    Price: $26,524,097
    Size: 80,000 sqft
    Size: 90 units
    Cap Rate: 5.66%

  • ConnectiCare, Inc

    ConnectiCare, Inc

    Single-Tenant Office

    Farmington, CT
    Price: $25,375,000
    Size: 100,539 sqft
    Cap Rate: 6.78%

  • Summit/Birch Hill Apartments

    Summit/Birch Hill Apartments

    Multifamily

    Farmington, CT
    Price: $25,000,000
    Size: 186 units
    Cap Rate: 6.00%

  • Merritt Station

    Merritt Station

    Multifamily

    Meriden, CT
    Price: $24,700,000
    Size: 241,570 sqft
    Size: 272 units
    Cap Rate: 7.09%

  • Audubon Villas At Feather Sound

    Audubon Villas At Feather Sound

    Multifamily

    Clearwater, FL
    Price: $23,500,000
    Size: 375,092 sqft
    Size: 308 units
    Cap Rate: 7.38%

  • Super Stop & Shop

    Super Stop & Shop

    Net Leased Grocery Store

    Nanuet, NY
    Price: $23,350,000
    Size: 59,032 sqft
    Cap Rate: 7.64%

  • Eagle Meadows

    Eagle Meadows

    Multifamily

    Dover, DE
    Price: $23,180,000
    Size: 352,202 sqft
    Size: 298 units
    Cap Rate: 7.42%

  • Cambridge Oxford Apartments

    Cambridge Oxford Apartments

    Multifamily

    New Haven, CT
    Price: $22,250,000
    Size: 84 units
    Cap Rate: 5.20%

  • Stony Brook Village

    Stony Brook Village

    Multifamily

    East Haven, CT
    Price: $22,200,000
    Size: 161,722 sqft
    Size: 165 units
    Cap Rate: 6.27%

  • Emerald Springs

    Emerald Springs

    Multifamily

    Painted Post, NY
    Price: $22,000,000
    Size: 303,154 sqft
    Size: 286 units
    Cap Rate: 7.46%

  • Beacon Mill Village

    Beacon Mill Village

    Multifamily

    Beacon Falls, CT
    Price: $21,700,000
    Size: 149,097 sqft
    Size: 184 units
    Cap Rate: 5.58%

  • Gateway Shopping Center

    Gateway Shopping Center

    Shopping Strip

    Beaumont, TX
    Size: 289,551 sqft
    Cap Rate: 8.95%

  • East Farm Village

    East Farm Village

    Multifamily

    East Haven, CT
    Price: $21,150,000
    Size: 173,990 sqft
    Size: 240 units
    Cap Rate: 6.78%

  • Stony Brook Village

    Stony Brook Village

    Multifamily

    East Haven, CT
    Price: $21,050,000
    Size: 165 units
    Cap Rate: 4.51%

  • The Lexington of Southfield

    The Lexington of Southfield

    Multifamily

    Southfield, MI
    Price: $21,000,000
    Size: 824,990 sqft
    Size: 1,135 units
    Cap Rate: 7.07%

  • Royal Crest Estates

    Royal Crest Estates

    Multifamily

    Fall River, MA
    Price: $20,500,000
    Size: 216 units
    Cap Rate: 8.26%

  • Fox Hill Apartments

    Fox Hill Apartments

    Multifamily

    Enfield, CT
    Price: $20,500,000
    Size: 168 units
    Cap Rate: 6.38%

  • Northgate Apartments

    Northgate Apartments

    Multifamily

    Middletown, RI
    Price: $19,650,000
    Size: 159,222 sqft
    Size: 179 units
    Cap Rate: 6.07%

  • Mount Olive Parkade

    Mount Olive Parkade

    Shopping Regional

    Mount Olive, NJ
    Price: $19,000,000
    Size: 96,608 sqft
    Cap Rate: 0%

  • Town Place Apartments

    Town Place Apartments

    Multifamily

    Middletown, CT
    Price: $18,600,000
    Size: 169,094 sqft
    Size: 166 units
    Cap Rate: 6.62%

  • Briar Knoll Apartments

    Briar Knoll Apartments

    Multifamily

    Vernon, CT
    Price: $18,500,000
    Size: 150 units
    Cap Rate: 6.24%

  • Boulder Pointe

    Boulder Pointe

    Multifamily

    Middletown, NY
    Price: $18,400,000
    Size: 152,080 sqft
    Size: 40 units
    Cap Rate: 4.56%

  • Mallory Ridge Apartments

    Mallory Ridge Apartments

    Multifamily

    Bloomfield, CT
    Price: $17,180,000
    Size: 78 units
    Cap Rate: 6.62%

  • Morgan @ the Park

    Morgan @ the Park

    Multifamily

    Hartford, CT
    Price: $17,000,000
    Size: 227,500 sqft
    Size: 270 units
    Cap Rate: 8.30%

  • Stony Brook Apartments

    Stony Brook Apartments

    Multifamily

    East Haven, CT
    Price: $16,500,000
    Size: 165 units

  • Hunters Crossing

    Hunters Crossing

    Multifamily

    Middletown, CT
    Price: $16,400,000
    Size: 118,860 sqft
    Size: 198 units
    Cap Rate: 6.32%

  • Meetinghouse Village Apartments

    Meetinghouse Village Apartments

    Multifamily

    Meriden, CT
    Price: $16,250,000
    Size: 241,570 sqft
    Size: 305 units
    Cap Rate: 7.18%

  • Soundview Apartments

    Soundview Apartments

    Multifamily

    Mamaroneck, NY
    Price: $15,850,000
    Size: 65,050 sqft
    Size: 86 units
    Cap Rate: 4.48%

  • Esplanade New Haven

    Esplanade New Haven

    Multifamily

    New Haven, CT
    Price: $15,300,000
    Size: 01 sqft
    Size: 154 units
    Cap Rate: 0%

  • Britannia Commons

    Britannia Commons

    Multifamily

    Meriden, CT
    Price: $15,150,000
    Size: 88 units
    Cap Rate: 0%

  • Briarwood Hills

    Briarwood Hills

    Multifamily

    North Haven, CT
    Price: $14,000,000
    Size: 176 units

  • Northwood Apartments

    Northwood Apartments

    Multifamily HUD

    Waterbury, CT
    Price: $13,850,000
    Size: 32,200 sqft
    Size: 182 units
    Cap Rate: 2.72%

  • Farmington Hills

    Farmington Hills

    Multifamily

    New Britain, CT
    Price: $13,500,000
    Size: 300 units
    Cap Rate: 6.75%

  • Brookside Portfolio

    Brookside Portfolio

    Multifamily

    New York, NY
    Price: $13,100,000
    Size: 91,782 sqft
    Size: 109 units
    Cap Rate: 6.69%

  • Martins Landing

    Martins Landing

    Multifamily

    Lakeland, FL
    Price: $12,750,000
    Size: 236 units
    Cap Rate: 7.86%

  • Villagewood Apartments

    Villagewood Apartments

    Multifamily HUD

    Waterbury, CT
    Price: $12,500,000
    Size: 32,200 sqft
    Size: 164 units
    Cap Rate: 3.01%

  • Augustana Homes of Bridgeport

    Augustana Homes of Bridgeport

    Multifamily HUD

    Bridgeport, CT
    Price: $12,100,000
    Size: 131,750 sqft
    Size: 186 units
    Cap Rate: 7.29%

  • Lynnfield Center Golf Course

    Lynnfield Center Golf Course

    Land - Multi-Family

    Lynnfield, MA
    Price: $12,000,000

  • Boulevard West Apartments

    Boulevard West Apartments

    Multifamily

    Hartford, CT
    Price: $11,550,000
    Size: 137,250 sqft
    Size: 165 units
    Cap Rate: 6.21%

  • Squire One Apartments

    Squire One Apartments

    Multifamily

    New London, CT
    Price: $11,321,532
    Size: 162,696 sqft
    Size: 171 units
    Cap Rate: 8.46%

  • Berger Apartments

    Berger Apartments

    Multifamily HUD

    New Haven, CT
    Price: $11,200,000
    Size: 46,470 sqft
    Size: 50 units
    Cap Rate: 3.12%

  • Palm Court Apartments

    Palm Court Apartments

    Multifamily

    North Miami, FL
    Price: $11,150,000
    Size: 125,280 sqft
    Size: 144 units
    Cap Rate: 6.24%

  • Courtyard At The Park

    Courtyard At The Park

    Multifamily

    North Miami, FL
    Price: $11,100,000
    Size: 113,706 sqft
    Size: 127 units
    Cap Rate: 5.15%

  • Steeple Chase Apartments

    Steeple Chase Apartments

    Multifamily

    Camillus, NY
    Price: $11,000,000
    Size: 146 units
    Cap Rate: 7.39%

  • High Meadow Apartments

    High Meadow Apartments

    Multifamily

    Ellington, CT
    Price: $11,000,000
    Size: 73 units
    Cap Rate: 6.03%

  • Rivers Edge Apartment Homes

    Rivers Edge Apartment Homes

    Multifamily

    Waterbury, CT
    Price: $10,600,000
    Size: 134,904 sqft
    Size: 156 units
    Cap Rate: 9.55%

  • Briarwood Hills Apartments

    Briarwood Hills Apartments

    Multifamily

    North Haven, CT
    Price: $10,500,000
    Size: 128,559 sqft
    Size: 176 units
    Cap Rate: 9.69%

  • Willow Pond Apartments

    Willow Pond Apartments

    Multifamily

    Groton, CT
    Price: $10,328,468
    Size: 139,950 sqft
    Size: 156 units
    Cap Rate: 7.48%

  • Willow Reed

    Willow Reed

    Multifamily

    East Haven, CT
    Price: $10,200,000
    Size: 120 units

  • Riverview Apartments

    Riverview Apartments

    Multifamily

    Norwalk, CT
    Price: $9,600,000
    Size: 92 units

  • Trolley Park Apartments

    Trolley Park Apartments

    Multifamily

    East Haven, CT
    Price: $9,600,000
    Size: 97,550 sqft
    Size: 214 units
    Cap Rate: 7.00%

  • Vernon Gardens

    Vernon Gardens

    Multifamily

    Vernon, CT
    Price: $9,600,000
    Size: 134,300 sqft
    Size: 152 units
    Cap Rate: 7.51%

  • Britannia Commons

    Britannia Commons

    Multifamily

    Meriden, CT
    Price: $9,350,000
    Size: 92,237 sqft
    Size: 88 units
    Cap Rate: 7.12%

  • Capitol View Apartments

    Capitol View Apartments

    Multifamily & Retail

    Hartford, CT
    Price: $9,315,233
    Size: 190,000 sqft
    Size: 270 units

  • Waterford Shopping Plaza

    Waterford Shopping Plaza

    Shopping Strip

    Waterford, CT
    Price: $9,100,000
    Size: 22,411 sqft
    Cap Rate: 6.85%

  • Morgan Square Apartments

    Morgan Square Apartments

    Multifamily

    Springfield, MA
    Price: $9,100,000
    Size: 192,276 sqft
    Size: 266 units
    Cap Rate: 7.13%

  • Highland Ridge

    Highland Ridge

    Multifamily

    Waterbury, CT
    Price: $8,975,000
    Size: 129,600 sqft
    Size: 147 units
    Cap Rate: 7.27%

There are additional transactions closed, contact us for more.