Marcus & Millichap completes eight sales totaling $21.215 million

 

 

 

 

 

 

 

 

 

 

 

 

Brooklyn, NY Marcus & Millichap has completed the following transactions:

• 162-164 Court St., a 8,875 s/f mixed-use building located in Cobble Hill was sold for $8 million at a cap rate of 3.87%. Jakub Nowak, Matthew Rosenzweig, and Jesse Kay of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, a private investor. The team also procured the buyer. “162-164 Court St. is a well located mixed-use building with below market long term commercial leases. Despite market headwinds that have recently slowed the retail sales along Court St., Nowak & Partners of Marcus & Millichap was able to create a competitive bidding environment resulting in a non-contingent deal and a competitive price for our seller.” said Kay. Just a few blocks from the Borough Hall 2,3,4,5 and R Trains, the subject property is ideally located in the prime Cobble Hill street corner with 50 feet of frontage to Court Street’s retail corridor.

• 708 Willoughby Ave., a four-unit apartment property sold for $1.39 million. Shaun Riney, Daniel Greenblatt and William Grover of Marcus & Millichap 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 the team.

• 934 Sterling Pl., an eight-unit apartment property sold for $2.925 million. Riney 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 Riney.

• 1855 Park Pl., a three-unit apartment property sold for $860,000. Matthew Peters of Marcus & Millichap 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 Peters. 

• 950 Bushwick Ave., an 8,675 s/f development site sold for $2 million. Riney and Thomas Shihadeh of Marcus & Millichap 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 the team.

• 35 & 45 Manor Rd., a 7,055 s/f office property in Smithtown sold for $1.15 million. Nowak and Jonathan Eshaghian of Marcus & Millichap  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 the team.  

• 6911 14th Ave., a six-unit apartment property sold for $1.66 million. John Brennan and Samuel Finkler of Marcus & Millichap 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 the team. 

• 69 Meserole Ave., an eight-unit apartment property sold for $3.23 million. Riney and Michael Salvatico of Marcus & Millichap 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 the team.