Press Releases
Marcus & Millichap Brokers $10.3M Sale of Fully Occupied Mixed-Use Property in Manhattan
September 01, 2026
NEW YORK, September 1, 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 212 Eighth Ave., an 18-unit mixed-use property in New York City's Chelsea neighborhood. The asset sold for $10.3 million.
“212 Eighth Avenue closed at $1,041 per square foot,” said Joe Koicim of Marcus & Millichap in New York City. “The purchaser was a repeat client of the team, representing foreign capital investing in the New York City market.”
Koicim of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The 9,891-square-foot building sits on a 2,723-square-foot lot. It was built in 1900 but has been recently renovated. The property includes 17 apartments: 10 studios, five one-bedroom units and two two-bedroom units. All feature washers and dryers, Italian-made cabinetry, oak flooring and Carrara marble-inspired bathrooms. 76% of the apartments are free market. The ground-floor commercial unit is occupied by Heavenly Markets & Deli and contains 900 square feet with 133.92 feet of wraparound frontage.
The property is in the Chelsea neighborhood, near the High Line, Little Island, and Chelsea Market, as well as retail, dining and cultural institutions. The area is anchored by major employment hubs, including Google’s NYC campus and Hudson Yards. It is close to the 23rd Street subway stations, which serve the 1, C and E lines.
“212 Eighth Avenue closed at $1,041 per square foot,” said Joe Koicim of Marcus & Millichap in New York City. “The purchaser was a repeat client of the team, representing foreign capital investing in the New York City market.”
Koicim of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The 9,891-square-foot building sits on a 2,723-square-foot lot. It was built in 1900 but has been recently renovated. The property includes 17 apartments: 10 studios, five one-bedroom units and two two-bedroom units. All feature washers and dryers, Italian-made cabinetry, oak flooring and Carrara marble-inspired bathrooms. 76% of the apartments are free market. The ground-floor commercial unit is occupied by Heavenly Markets & Deli and contains 900 square feet with 133.92 feet of wraparound frontage.
The property is in the Chelsea neighborhood, near the High Line, Little Island, and Chelsea Market, as well as retail, dining and cultural institutions. The area is anchored by major employment hubs, including Google’s NYC campus and Hudson Yards. It is close to the 23rd Street subway stations, which serve the 1, C and E 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, 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.
