Marcus & Millichap Sells 3-Property Multifamily Portfolio Steps Away From Central Park for $5.65M
April 04, 2024
April 04, 2024
NEW YORK, April 4 -- Marcus and Millichap issued the following news release:
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 111th Street Multifamily Portfolio in New York for $5,650,000.
"Our team was able to find a motivated purchaser to buy the fully rent-stabilized portfolio for a sub-5% cap rate," said Seth Glasser. . . .
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 111th Street Multifamily Portfolio in New York for $5,650,000.
"Our team was able to find a motivated purchaser to buy the fully rent-stabilized portfolio for a sub-5% cap rate," said Seth Glasser. . . .