Press Releases
Marcus & Millichap Facilitates $9 Million Sale of Queens Multifamily Property
February 20, 2024
NEW YORK, Feb. 20, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 34,000-square-foot Multifamily property in Queens, New York. The asset sold for $9 million.
“Having an understanding of this remarkably nuanced asset class gives us the ability to consistently overperform for our valued clients,” said Louis Zarif.
Zarif, Shaun Riney, and Sean Fopeano, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Located at 25-31 30th Road, this six-floor apartment building, built in 1941, is situated in the Astoria neighborhood. It comprises 43 units with a mix of five studios and 35 one-bedroom units. The property is conveniently located near subway station servicing the W and N lines.
“Having an understanding of this remarkably nuanced asset class gives us the ability to consistently overperform for our valued clients,” said Louis Zarif.
Zarif, Shaun Riney, and Sean Fopeano, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Located at 25-31 30th Road, this six-floor apartment building, built in 1941, is situated in the Astoria neighborhood. It comprises 43 units with a mix of five studios and 35 one-bedroom units. The property is conveniently located near subway station servicing the W and N lines.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
