News:
Brokerage
Posted: February 16, 2016
Koicim, Lefkovits, Von Der Ahe and Grossman of Marcus & Millichap complete $14.73 million Nolita sale
Joe Koicim, Marcus & Millichap
Sean Lefkovits, Marcus & Millichap
Peter Von Der Ahe, Marcus & Millichap
232 Mott Street, Nolita -Manhattan, NY
Manhattan, NY Marcus & Millichap has arranged the sale of 232 Mott St., a seven-story mixed-use elevator building in the Nolita neighborhood. The $14.73 million sales price equates to more than $1,900 per s/f.
“The building features five residential units that were recently renovated with high-end condominium-level finishes,” said Joe Koicim of Marcus & Millichap’s Manhattan office.
“The property is in a prime location, which is what attracted our 1031-exchange buyer,” said Sean Lefkovits, also of the firm’s Manhattan office.
Koicim and Lefkovits, along with Peter Von Der Ahe and Joshua Grossman arranged the transaction.
Located on Mott St. between Spring and Prince Sts., the building’s ground-floor retail component is occupied by Spazio Nail Salon. The second floor is a two-bedroom, full-floor loft with a terrace and balcony. Floors three, four and five are two-bedroom, full-floor lofts with two balconies, and floors six and seven are a two-bedroom duplex with three balconies and a terrace.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
