News:
Brokerage
Posted: September 9, 2025
Marcus & Millichap sells 97-unit multifamily at 1154 Ward Ave. for $7.5 million
Bronx, NY Marcus & Millichap negotiated the sale of 97-unit multifamily property at 1154 Ward Ave. for $7.5 million.
“This sale is a prime example of continued demand for clean, well-managed rent-stabilized apartment buildings with healthy collections,” said Michael Fusco. “Regardless of any compliance and political headwinds in New York, long-term money is still finding value in the stabilized housing stock.”
Fusco, along with Seth Glasser and Benjamin Myerow, investment specialists in Marcus & Millichap’s Manhattan office, marketed the property on behalf of the seller and procured the buyer. Both parties are local private investors.
“High-net-worth, local private families continue to win deals and deploy capital,” Fusco said.
Built in 1929, the six-story elevator building totals 90,000 s/f and is located in the Soundview neighborhood of the city. The property is near the 6 train at Elder Ave. The surrounding area is residential, with nearby schools, parks and retail corridors along Westchester Sq. and Southern Blvd.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)
September Promotion
