Manhattan, NY Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the $41.15 million sale of a five-building, 79-unit mixed-use portfolio. The sale is the second recent East Village mixed-use portfolio transaction completed by Joe Koicim, Logan Markley, Matthew Berger and Zan Colin of the NYM Group of Marcus & Millichap. In December 2023, the team completed a $57 million, six-building sale on behalf of the same seller, Kushner Companies.

“This 42,465 s/f portfolio includes two tax-class-protected buildings and is 89% free market,” said Koicim. “The sale is an indication that capital is coming off the sidelines in pursuit of Manhattan multifamily assets.”

Located at 170-174 East 2^nd St., 49 1/2 First Ave., 23 Ave. A, and 325 East 10^th St., the portfolio consists of 73 apartments and six commercial units. The locations give tenants immediate access to parks, restaurants, nightlife, and public transportation.

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