Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 93-unit apartment property located in New York, New York. The asset sold for $12,200,000.
“This multi-generational asset was owned and operated by the same family for over 40+ years. This was the only property they owned as well.” said, Binyamin Katz, investment specialists in Marcus & Millichap’s Manhattan office part of the New York Multifamily Team. “The buyer is a high-net-worth family run office who owns multiple properties in this Marble Hill nook. They saw a strong value-add component with zero deferred maintenance which is a key factor in todays market.”
The Brokers on the Sale was completed by Seth Glasser, Michael Fusco, Binyamin Katz, and Joe Koicim.