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Posted: December 18, 2018
Fotis and Renicker of Marcus & Millichap arrange sale of two apartment buildings totaling $11.8 million
Brooklyn, NY Marcus & Millichap has completed the sale of two rare apartment buildings in the Cobble Hill neighborhood, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $11.8 million.
Investment sales team led by Matt Fotis and Dylan Renicker of Marcus & Millichap’s Manhattan office, represented the seller, a private investor. The team also procured the buyer, another private investor.
“These buildings had a lot going for them, excellent location, luxury finishes and charm,” said Fotis. “Ultimately, we identified a buyer making their first purchase in Brooklyn who was also in a 1031 exchange.”
Located at 439-441 Henry Street, just two blocks from Court Street retail corridor, the subject property affords a short walk to Brooklyn Bridge Park. Both lots total 73-feet of residential frontage on Henry Street
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