Institutional Property Advisors (IPA), a division of Marcus & Millichap, dedicated to serving the company’s institutional clients, announced the sale of One Dekalb, a 76-unit boutique multifamily property in White Plains, New York.
“One Dekalb is a fully leased, core-plus asset located in the highly sought-after Downtown White Plains submarket, which provides residents with a high quality of life, walkability, and direct proximity to New York City,” said Eric Pentore, IPA vice president. Pentore handled the transaction with team members Victor Nolletti, IPA executive managing director, Wes Klockner, and Ross Friedel. The IPA team represented the seller and procured the buyer, Benchmark Real Estate Group, in association with John Horowitz, Marcus & Millichap’s broker of record in New York.
The property is in Downtown White Plains, one block from The Westchester, an 860,000-square-foot shopping mall. Restaurant Row on Mamaroneck Avenue, Renaissance Plaza, and City Center at White Plains are nearby.
Completed in 2019, One Dekalb’s community amenities include a rooftop terrace, resident lounges, and co-working spaces. Apartments have keyless entry systems, open floor plans, full-size washers and dryers, and oversized windows.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. 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 our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
Institutional Property Advisors (IPA) is a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.
