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Marcus & Millichap Arranges The Sale Of A 23-Unit Apartment Building in Brooklyn, NY

January 03, 2022

Brooklyn, NY, January 3, 2022 --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 255 East 25th Street, a 23-unit apartment property located in Brooklyn, NY, according to Susan Bands, regional manager of the firm's Manhattan office. The asset sold for $2,600,000.

Matt Fotis and Zachary Cohen, investment specialists in Marcus & Millichap's Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Matt Fotis and Zachary Cohen.

Fotis commented, "We continue to see more buyers entering back into the market for fully rent regulated assets in New York. In under thirty days we generated multiple competing offers delivered strong terms and pricing."

255 East 25th Street is located at 255 E 25th St in Brooklyn, NY. The building sits along the major retail corridors of Flatbush and Nostrand Avenues.

 

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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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