Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a five-story, mixed-use building in located at 17 W 24th Street in New York City. The property was built in 1920 and sold for $8,150,000.
Situated between 5th and 6th avenues in Manhattan’s Flatiron District, 17 W 24th Street is positioned half a block from Madison Square Park and near subway lines serving the F, M, N, R, and W lines.
“Through our team’s collaboration and after a thorough and widely exposed marketing campaign, we were able to connect with an out-of-state buyer in a 1031 Exchange,” said Matt Fotis.
Fotis, Colton Traynham, and Michael Weinstein, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, Griffon Monkey, LLC.
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.
