BROOKLYN, NY Marcus & Millichap has completed the sale of 773 East 9th St., a six-unit apartment property, according to John Horowitz, vice president - regional manager of the firm’s Brooklyn office. The asset sold for $1.4 million.
John Brennan and Samuel Finkler, in Marcus & Millichap’s Brooklyn office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by the team.
“We were able to achieve a high price for our seller through our concentrated marketing process. This resulted in multiple offers and a 3.68%-year one potential CAP rate,” said Finkler.