Marcus & Millichap Arranges The Sale Of A 6,250-Square Foot Mixed-Use Building in New York, NY
New York, NY, October 6, 2021 – 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 132 West Houston Street, a 6,250-square foot mixed-use property located in New York, NY, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $7,850,000.
Joe Koicim, Peter Dodge and Peter Von Der Ahe, investment specialists in Marcus & Millichap’s Manhattan office, had the opportunity to market the property on behalf of the seller, PNR Properties LLC. John Krueger, Regional Manager, Broker, of the Manhattan office, assisted in closing this transaction.
Peter Dodge comments, “The NYM team sourced a local buyer, backed by foreign capital, who believes in the long-term value of Manhattan multifamily. The buyer moved quickly and closed in 60 days for $1,250/SF and $1.9M/unit.”
The property is located at 132 W Houston St in New York, NY. It was built in 1900 and hosts 4 units.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.