News:
Brokerage
Posted: June 23, 2014
Bestreich of Marcus & Millichap brokers $5.025 million sale of eight-unit Brooklyn apartment property
Marcus & Millichap brokered the sale of 343 6th Ave., an eight-unit apartment property, according to John Horowitz, regional manager of the firm's borough office. The asset sold for $5.025 million.
Derek Bestreich of Marcus & Millichap secured and represented the buyer in this off-market deal.
"343 6th Ave. is an architecturally significant corner eight family property in the heart of Park Slope, featuring three and four-bedroom units, five of which were delivered vacant at closing. The sale was completed in an off market transaction in which only two buyers were called," said Bestreich.
Tags:
Brokerage
MORE FROM Brokerage
Realty Connect USA joins Better Homes and Gardens Real Estate affiliates to form one of the brand’s largest brokerages
Madison, NJ Better Homes and Gardens Real Estate LLC agreed to a landmark merger between three leading brokerages across New York, New Jersey, and Pennsylvania. The agreement brings together
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
