Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a multifamily apartment building in New York located at 35 Thayer Street. The property sold for $6 million.
“The buyer was in the market for a 1031 property and the equity and size requirements fit perfectly,” said Seth Glasser Glasser.
Seth Glasser and Michael Fusco, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Built in 1927, 35 Thayer Street is a five-story, 34,040-square-foot apartment building is comprised of 54 units, including studios, one-bedroom, and two-bedroom units.
Marcus & Millichap, Inc. (NYSE: MMI) 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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion.
