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Marcus & Millichap Arranges The Sale Of A 25-Unit Apartment Building in New York, NY

May 12, 2022

New York, NY, May 12, 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 Apartments Multifamily, a 25-unit apartment property located in New York, NY, according to John Horowitz, first vice president/division manager of the firm's Manhattan office. The asset sold for $6,300,000.

Seth Glasser, Benny Katz and Jacob Kahn 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 team also secured the buyer, a private investor.

Glasser comments, "This building was gut renovated 20 years ago making it an extremely attractive investment for the buyer. This was the buyer's fourth purchase in the neighborhood in the past twelve months."

The multifamily apartments are located at 30 Bradhurst Ave. It is an elevator building comprised of mostly two-bedroom apartments and lives just two blocks off the 145th Street retail corridor.

 

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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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