Press Releases
Marcus & Millichap Brokers $16.5M Sale of 25-Unit Yorkville Apartment Building
February 24, 2026
NEW YORK, Feb. 24, 2026 – 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 443 East 88th Street, a 25-unit apartment building in Manhattan’s Yorkville neighborhood. The property sold for $16.5 million, which equates to $660,000 per unit.
“This property was highly sought after given its 100% free-market status, further demonstrating the consistent demand and premium buyers will pay to ensure flexibility with scale,” said Joe Koicim of the NYM Group of Marcus & Millichap in the firm’s New York City office.
Koicim and Marcus & Millichap’s Logan Markley represented the seller. Koicim, Markley and Marcus & Millichap’s Mark Zarrella procured the buyer, Jade Century Properties.
The six-story building has 40 feet of frontage on East 88th Street and contains 25 large residential apartments. The building is 100 percent free market and has been renovated with white oak flooring, custom kitchen millwork, stainless-steel appliances and in-unit washer/dryers. The property is located near Central Park, the Metropolitan Museum of Art, Lenox Hill Hospital and the 86th Street subway station on the Upper East Side.
“This property was highly sought after given its 100% free-market status, further demonstrating the consistent demand and premium buyers will pay to ensure flexibility with scale,” said Joe Koicim of the NYM Group of Marcus & Millichap in the firm’s New York City office.
Koicim and Marcus & Millichap’s Logan Markley represented the seller. Koicim, Markley and Marcus & Millichap’s Mark Zarrella procured the buyer, Jade Century Properties.
The six-story building has 40 feet of frontage on East 88th Street and contains 25 large residential apartments. The building is 100 percent free market and has been renovated with white oak flooring, custom kitchen millwork, stainless-steel appliances and in-unit washer/dryers. The property is located near Central Park, the Metropolitan Museum of Art, Lenox Hill Hospital and the 86th Street subway station on the Upper East Side.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
