Marcus & Millichap

Steve B. Witten

Overview

Steve Witten is an executive director and a senior vice president 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 Managing Director 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
Promoted to Senior Managing Director Investments in January, 2017

Temple University , BS
University of Pennsylvania, MS

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
Platinum - 2016, 2015

Transactions Closed

  • Sherwood Forest Apartments

    Sherwood Forest Apartments

    Multifamily

    Coral Springs, FL
    Price: $68,200,000
    Size: 400 units
    Cap Rate: 4.32%

  • Addison Mill Apartments

    Addison Mill Apartments

    Multifamily

    Glastonbury, CT
    Price: $11,750,000
    Size: 55 units
    Cap Rate: 5.33%

  • Howe Place Apartments

    Howe Place Apartments

    Multifamily

    New Haven, CT
    Price: $12,601,124
    Size: 43,119 sqft
    Size: 77 units
    Cap Rate: 4.23%

  • The Gardens & Holly House

    The Gardens & Holly House

    Multifamily

    Woodbury, CT
    Price: $11,500,000
    Size: 81,450 sqft
    Size: 88 units
    Cap Rate: 6.45%

  • Seramonte Apartments

    Seramonte Apartments

    Multifamily

    Hamden, CT
    Price: $63,100,000
    Size: 451 units
    Cap Rate: 6.56%

  • Groton Connecticut Portfolio

    Groton Connecticut Portfolio

    Multifamily

    Groton, CT
    Price: $11,787,500
    Size: 237 units
    Cap Rate: 11.28%

  • Park Avenue Apartments

    Park Avenue Apartments

    Multifamily

    East Hartford, CT
    Price: $2,230,000
    Size: 28,272 sqft
    Size: 32 units
    Cap Rate: 7.57%

  • Grand Pointe Park

    Grand Pointe Park

    Multifamily Tax Credit

    Poughkeepsie, NY
    Price: $19,350,000
    Size: 156,468 sqft
    Size: 156 units
    Cap Rate: 13.85%

  • The Elms

    The Elms

    Multifamily

    West Hartford, CT
    Price: $5,750,000
    Size: 40,289 sqft
    Size: 72 units
    Cap Rate: 6.48%

  • Phoenix Apartments

    Phoenix Apartments

    Multifamily

    Groton, CT
    Price: $6,850,000
    Size: 56,832 sqft
    Size: 96 units
    Cap Rate: 7.54%

  • Hillcroft at Danbury

    Hillcroft at Danbury

    Multifamily

    Danbury, CT
    Price: $32,250,000
    Size: 192 sqft
    Size: 192 units
    Cap Rate: 5.85%

  • Calibre Bend

    Calibre Bend

    Multifamily

    Winter Park, FL
    Price: $29,000,000
    Size: 212 units
    Cap Rate: 5.46%

  • Villagewood Apartments

    Villagewood Apartments

    Multifamily HUD

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

  • Northwood Apartments

    Northwood Apartments

    Multifamily HUD

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

  • Fox Hill Apartments

    Fox Hill Apartments

    Multifamily

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

  • Summit/Birch Hill Apartments

    Summit/Birch Hill Apartments

    Multifamily

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

  • Briar Knoll Apartments

    Briar Knoll Apartments

    Multifamily

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

  • High Meadow Apartments

    High Meadow Apartments

    Multifamily

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

  • Woodbridge Apartments

    Woodbridge Apartments

    Multifamily

    Newington, CT
    Price: $8,500,000
    Size: 73 units
    Cap Rate: 6.94%

  • Bradford Commons

    Bradford Commons

    Multifamily

    Newington, CT
    Price: $6,500,000
    Size: 64 units
    Cap Rate: 7.52%

  • The Packard

    The Packard

    Multifamily

    West Hartford, CT
    Price: $7,950,000
    Size: 85,805 sqft
    Size: 74 units
    Cap Rate: 5.44%

  • South Main Apartments

    South Main Apartments

    Multifamily

    Middletown, CT
    Price: $1,265,000
    Size: 10,450 sqft
    Size: 19 units
    Cap Rate: 7.68%

  • Gillett Apartments

    Gillett Apartments

    Multifamily

    Hartford, CT
    Price: $2,400,000
    Size: 36,482 sqft
    Size: 43 units
    Cap Rate: 8.01%

  • Franklin Apartments

    Franklin Apartments

    Multifamily

    West Haven, CT
    Price: $2,100,000
    Size: 29,870 sqft
    Size: 40 units
    Cap Rate: 8.23%

  • Midora at Woodmont Apartments

    Midora at Woodmont Apartments

    Multifamily

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

  • Flax Hill Apartments

    Flax Hill Apartments

    Multifamily

    Norwalk, CT
    Price: $4,575,000
    Size: 26,873 sqft
    Size: 35 units
    Cap Rate: 6.27%

  • Pine Harbour Apartments

    Pine Harbour Apartments

    Multifamily

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

  • Fruit Sever Apartments

    Fruit Sever Apartments

    Multifamily

    Worcester, MA
    Price: $8,725,000
    Size: 111,304 sqft
    Size: 132 units
    Cap Rate: 7.19%

  • The Infinity Apartments

    The Infinity Apartments

    Multifamily

    Meriden, CT
    Price: $6,900,000
    Size: 61,900 sqft
    Size: 106 units
    Cap Rate: 8.28%

  • Arbor Oaks Apartments

    Arbor Oaks Apartments

    Multifamily

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

  • The Hawthorne at Gillette Ridge

    The Hawthorne at Gillette Ridge

    Multifamily

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

  • 1062 Boulevard

    1062 Boulevard

    Multifamily

    West Hartford, CT
    Price: $2,700,000
    Size: 24,516 sqft
    Size: 29 units
    Cap Rate: 5.77%

  • 41 West Beacon Street

    41 West Beacon Street

    Multifamily

    West Hartford, CT
    Price: $2,400,000
    Size: 21,756 sqft
    Size: 27 units
    Cap Rate: 6.08%

  • Southbend Apartments

    Southbend Apartments

    Multifamily

    Fitchburg, MA
    Price: $3,250,000
    Size: 49,800 sqft
    Size: 36 units
    Cap Rate: 6.13%

  • Eaves Trumbull

    Eaves Trumbull

    Multifamily

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

  • WestWynd

    WestWynd

    Multifamily

    West Hartford, CT
    Price: $3,950,000
    Size: 36,450 sqft
    Size: 46 units
    Cap Rate: 6.76%

  • Park Place West

    Park Place West

    Multifamily

    West Hartford, CT
    Price: $5,500,000
    Size: 48,850 sqft
    Size: 63 units
    Cap Rate: 6.49%

  • Cambridge Oxford Apartments

    Cambridge Oxford Apartments

    Multifamily

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

  • Franklin School Apartments

    Franklin School Apartments

    Multifamily

    Derby, CT
    Price: $1,625,000
    Size: 21,550 sqft
    Size: 28 units
    Cap Rate: 7.58%

  • Madison Chestnut Hill & Madison Northwoods

    Madison Chestnut Hill & Madison Northwoods

    Multifamily

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

  • 47-49 Orange Street

    47-49 Orange Street

    Multifamily

    Hartford, CT
    Price: $254,000
    Size: 10,206 sqft
    Size: 09 units
    Cap Rate: -1.28%

  • Fairbanks Apartments

    Fairbanks Apartments

    Multifamily HUD

    New Haven, CT
    Price: $8,300,000
    Size: 121 units
    Cap Rate: 4.57%

  • Steeple Chase Apartments

    Steeple Chase Apartments

    Multifamily

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

  • Emerald Springs

    Emerald Springs

    Multifamily

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

  • 30 West

    30 West

    Multifamily Tax Credit

    Norwalk, CT
    Price: $2,600,000
    Size: 19,360 sqft
    Size: 22 units
    Cap Rate: 8.83%

  • Willard Square

    Willard Square

    Multifamily

    Hartford, CT
    Price: $400,000
    Size: 102,530 sqft
    Size: 132 units
    Cap Rate: 149.37%

  • Westwood Apartments

    Westwood Apartments

    Multifamily

    West Haven, CT
    Price: $3,550,000
    Size: 43,375 sqft
    Size: 53 units
    Cap Rate: 7.10%

  • Boulevard West Apartments

    Boulevard West Apartments

    Multifamily

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

  • 748-768 New Britain Avenue

    748-768 New Britain Avenue

    Multifamily

    Hartford, CT
    Price: $2,900,000
    Size: 44,200 sqft
    Size: 52 units
    Cap Rate: 8.34%

  • Mallory Ridge Apartments

    Mallory Ridge Apartments

    Multifamily

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

  • Augustana Homes of Bethel

    Augustana Homes of Bethel

    Multifamily HUD

    Bethel, CT
    Price: $3,593,750
    Size: 47,600 sqft
    Size: 100 units
    Cap Rate: 5.60%

  • Vineyard Commons

    Vineyard Commons

    Multifamily

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

  • Beacon Apartments

    Beacon Apartments

    Multifamily

    Hartford, CT
    Price: $505,000
    Size: 7,800 sqft
    Size: 12 units
    Cap Rate: 8.79%

  • Willow Ridge

    Willow Ridge

    Multifamily

    New Britain, CT
    Price: $2,800,000
    Size: 33,000 sqft
    Size: 50 units
    Cap Rate: 7.10%

  • Chatham Village

    Chatham Village

    Multifamily Tax Credit

    Providence, RI
    Price: $2,325,000
    Size: 43,280 sqft
    Size: 40 units
    Cap Rate: 5.02%

  • Britannia Commons

    Britannia Commons

    Multifamily

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

  • Patterson Place

    Patterson Place

    Multifamily

    Bristol, CT
    Price: $2,100,000
    Size: 25,532 sqft
    Size: 24 units
    Cap Rate: 7.84%

  • Orange Terrace

    Orange Terrace

    Multifamily

    New Haven, CT
    Price: $4,987,500
    Size: 31,400 sqft
    Size: 37 units
    Cap Rate: 4.80%

  • Ellis House

    Ellis House

    Multifamily

    New Britain, CT
    Price: $1,270,000
    Size: 18,800 sqft
    Size: 21 units
    Cap Rate: 6.94%

  • Willow Park Apartments

    Willow Park Apartments

    Multifamily

    Danbury, CT
    Price: $2,225,000
    Size: 19,485 sqft
    Size: 21 units
    Cap Rate: 5.98%

  • Willard Square

    Willard Square

    Multifamily

    Hartford, CT
    Price: $4,000,000
    Size: 102,530 sqft
    Size: 132 units
    Cap Rate: 14.94%

  • Somerset Park Apartments

    Somerset Park Apartments

    Multifamily

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

  • The Belvedere

    The Belvedere

    Multifamily

    Hartford, CT
    Price: $700,000
    Size: 10,250 sqft
    Size: 12 units
    Cap Rate: 8.17%

  • Whitney Manor Apartments

    Whitney Manor Apartments

    Multifamily

    Hartford, CT
    Price: $3,490,000
    Size: 37,700 sqft
    Size: 58 units
    Cap Rate: 7.46%

  • Stony Brook Village

    Stony Brook Village

    Multifamily

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

  • Grove Court

    Grove Court

    Multifamily

    Waterbury, CT
    Price: $650,000
    Size: 24,000 sqft
    Size: 32 units
    Cap Rate: 15.14%

  • Parkview Terrace

    Parkview Terrace

    Multifamily Tax Credit

    West Warwick, RI
    Price: $2,000,000
    Size: 55,170 sqft
    Size: 83 units
    Cap Rate: 13.19%

  • TGM Waterford Commons

    TGM Waterford Commons

    Multifamily

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

  • 441 Chapel Street

    441 Chapel Street

    Multifamily

    New Haven , CT
    Price: $3,900,000
    Size: 27,310 sqft
    Size: 17 units
    Cap Rate: 8.34%

  • West Apartments

    West Apartments

    Multifamily

    Norwalk, CT
    Price: $975,000
    Size: 6,902 sqft
    Size: 09 units
    Cap Rate: 7.99%

  • Webster Apartments

    Webster Apartments

    Multifamily

    West Warwick, RI
    Price: $1,166,667
    Size: 14,400 sqft
    Size: 21 units
    Cap Rate: 5.35%

  • Masthead Apartments

    Masthead Apartments

    Multifamily

    Warwick, RI
    Price: $2,666,667
    Size: 39,000 sqft
    Size: 48 units
    Cap Rate: 7.01%

  • Lancaster Apartments

    Lancaster Apartments

    Multifamily

    Warwick, RI
    Price: $1,777,778
    Size: 25,792 sqft
    Size: 32 units
    Cap Rate: 7.81%

  • Gristmill Apartments

    Gristmill Apartments

    Multifamily

    Warwick, RI
    Price: $2,388,889
    Size: 34,177 sqft
    Size: 43 units
    Cap Rate: 6.83%

  • Stony Hill Development Site

    Stony Hill Development Site

    Land - Multi-Family

    Bethel, CT
    Price: $2,350,000

  • Erin Student Living

    Erin Student Living

    Student Housing

    Providence, RI
    Price: $3,800,000
    Size: 21,583 sqft
    Size: 64 units
    Cap Rate: 9.57%

  • TGM Willow Grove at Danbury

    TGM Willow Grove at Danbury

    Multifamily

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

  • Avalon on Stamford Harbor

    Avalon on Stamford Harbor

    Multifamily

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

  • Beacon HIll Apartments

    Beacon HIll Apartments

    Multifamily

    Beacon Falls, CT
    Price: $1,600,000
    Size: 19,800 sqft
    Size: 24 units
    Cap Rate: 7.29%

  • Soundview Apartments

    Soundview Apartments

    Multifamily

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

  • The Highlands

    The Highlands

    Multifamily

    West Hartford, CT
    Price: $1,692,000
    Size: 22,800 sqft
    Size: 18 units
    Cap Rate: 4.70%

  • Boulder Pointe

    Boulder Pointe

    Multifamily

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

  • South Adams Apartments

    South Adams Apartments

    Multifamily

    Manchester, CT
    Price: $8,150,000
    Size: 90,150 sqft
    Size: 103 units
    Cap Rate: 6.75%

  • Hunters Crossing

    Hunters Crossing

    Multifamily

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

  • Merritt Station

    Merritt Station

    Multifamily

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

  • Cornerstone at Bedford

    Cornerstone at Bedford

    Multifamily

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

  • Vernon Gardens

    Vernon Gardens

    Multifamily

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

  • Brookgate Apartments

    Brookgate Apartments

    Multifamily

    Torrington, CT
    Price: $2,450,000
    Size: 36,000 sqft
    Size: 54 units
    Cap Rate: 6.71%

  • Winthrop Court Apartments

    Winthrop Court Apartments

    Multifamily

    Torrington, CT
    Price: $3,950,000
    Size: 41,110 sqft
    Size: 60 units
    Cap Rate: 7.27%

  • Maplewood Commons

    Maplewood Commons

    Multifamily

    Seymour, CT
    Price: $4,450,000
    Size: 51,880 sqft
    Size: 50 units
    Cap Rate: 6.76%

  • Corbin Avenue Apartments

    Corbin Avenue Apartments

    Multifamily

    New Britain, CT
    Price: $475,000
    Size: 7,260 sqft
    Size: 10 units
    Cap Rate: 7.45%

  • Stratford Avenue Apartments

    Stratford Avenue Apartments

    Multifamily

    Stratford, CT
    Price: $1,225,000
    Size: 12,500 sqft
    Size: 27 units
    Cap Rate: 8.97%

  • Centre of New England Retail Centers

    Centre of New England Retail Centers

    Shopping Strip

    Coventry, RI
    Price: $4,400,000
    Size: 16,895 sqft
    Cap Rate: 7.85%

  • Morgan Square Apartments

    Morgan Square Apartments

    Multifamily

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

  • Hartford Portfolio

    Hartford Portfolio

    Multifamily

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

  • Parrott Apartments

    Parrott Apartments

    Multifamily

    Bridgeport, CT
    Price: $820,000
    Size: 16 units
    Cap Rate: 8.96%

  • High Pointe

    High Pointe

    Multifamily Tax Credit

    Newburgh, NY
    Price: $4,400,000
    Size: 48,640 sqft
    Size: 82 units
    Cap Rate: 6.59%

  • Hudson Pointe

    Hudson Pointe

    Multifamily Tax Credit

    Newburgh, NY
    Price: $2,430,000
    Size: 31,958 sqft
    Size: 65 units
    Cap Rate: 7.53%

  • Chapel West at Yale

    Chapel West at Yale

    Land - Multi-Family

    New Haven, CT
    Price: $3,675,000
    Size: 90,000 sqft
    Size: 01 units

  • Derby Apartments

    Derby Apartments

    Multifamily

    Derby, CT
    Price: $475,000
    Size: 11,100 sqft
    Size: 12 units
    Cap Rate: 10.84%

There are additional transactions closed, contact us for more.