Marcus & Millichap Facilitates $12.6M Sale of Four Multifamily New York Properties on 140th Street

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140th Street
The buildings were all constructed between 1920 and 1926. The units range from two to five bedrooms, alongside eight retail storefronts at 2394 Adam Clayton Powell.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 109,157-square-foot portfolio of four buildings located on 140th Street in Harlem, New York CIty for $12,640,000.

“The completion of this transaction spanned two years from start to finish due to the necessity of HPD approvals. It truly required a collaborative team effort to finalize the deal,” said Seth Glasser.

Glasser, Michael Fusco, and Benny Katz, 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.

The properties consist of four buildings: three adjacent on 140th Street between Adam Clayton Powell Boulevard and Frederick Douglass Boulevard, and one on the corner of Adam Clayton Powell and 140th Street. They total 113 units across 109,157 square feet and five stories. There is nearby access to Strivers Row, St. Nicholas Park, Manhattan School Of Music, Barnard College, and City College of New York (CUNY).

View more property information for 227 W 140th Street, 267 W 140th Street, 271 W 140th Street, and 233 W 140th Street.

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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.