Marcus & Millichap
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Brokerage
Posted: August 21, 2018
Brennan and Finkler of Marcus & Millichap handle $1.4 million sale; Reps buyer and seller of the six-unit apartment property
Marcus & Millichap
Marcus & Millichap
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.
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