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Brokerage
Posted: October 16, 2012
Zimmerman of Barcel Group arranges $1.37 million sale
Barcel Group has brokered the sale of 160 W 141st St. for $1.37 million. The five-story building has 14 apartments and is fully tax abated for the next six years. The deal traded at 8.5 times the rent roll, with a capitalization rate north of 8%. Bart Zimmermann of Barcel represented both parties in the transaction.
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