Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 17,645-square-foot mixed-use property in New York located at 216 East 49th Street. The asset sold for $9,050,000.
“Having previously been on the market with two other brokerage firms, the ownership engaged us to sell the property due to our track record in the area and demonstrated executional capability,” said Peter Dodge. “We extend our congratulations to both the buyer and the seller on a successful transaction.”
Dodge, Joe Koicim, Logan Markley and Zan Colin, 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, an end user purchaser and renowned restaurateur. The property has been owned & operated by the same family for over 25 years.
Additionally, the 49th Street property features a 3,800-square-foot first floor commercial space, vented for a restaurant with a fully built-out basement. The property is positioned near key landmarks such as the United Nations Headquarters, Grand Central Station, and Central Park.
Marcus & Millichap, Inc. (
