Marcus & Millichap brokers two Brooklyn sales totaling $3.48M; Includes a $2.5M sale by Riney and Greenblatt

 

 

 

 

Brooklyn, NY According to John Horowitz, first vice president - regional manager of the Marcus & Millichap’s Brooklyn office, the firm has arranged two sales totaling $3.48 million. The deals include the following:

• The $2.5 million sale of 151 Quincy St., a 9,155 s/f development site. Shaun Riney and Daniel Greenblatt in Marcus & Millichap’s Brooklyn office had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by the team. “This sale further demonstrates the continued demand for development sites in Bedford-Stuyvesant. This is the second piece we sold this year for over $270 per buildable s/f. The team was able to secure a buyer in a 1031 exchange after the seller had tried and failed with several different brokers before hiring us,” said Greenblatt. 

• The $980,000 sale of 648 Midwood St., a 7,920 s/f development site. Jakub Nowak and Matthew Rosenzweig in Marcus & Millichap’s Brooklyn office had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Zalman Yarmush, also in Marcus & Millichap’s Brooklyn office.