News: Brokerage

Marcus & Millichap completes four Brooklyn sales totaling $16.15 million; $7.4 million deal handled by Riney, Salvatico, Cypers and Sabharwal

141 Court Street - Brooklyn, NY

Brooklyn, NY According to Marcus & Millichap, the firm has completed four sales totaling $16.15 million:

Shaun Riney,
Marcus & Millichap

 

Michael Salvatico,
Marcus & Millichap

 

Jonathan Cypers,
Marcus & Millichap

 

Preet Sabharwal,
Marcus & Millichap

 

• Two property sale: 99 Atlantic Ave., a 3,710 s/f mixed-use property, and 103 Atlantic Ave., a 3,180 s/f mixed-use property sold for $7.4 million. Shaun Riney, Michael Salvatico, Jonathan Cypers, and Preet Sabharwal from Marcus & Millichap had the exclusive listings to market the properties on behalf of private investors. The buyers, developers, were secured and represented by Riney, Salvatico, and Cypers.

Jakub Nowak,
Marcus & Millichap

 

Matthew Rosenzweig,
Marcus & Millichap

 

Jesse Kay,
Marcus & Millichap

 

•141 Court St.: A 2,800 s/f mixed-use property sold for $3.825 million. Jakub Nowak, Matthew Rosenzweig and Jesse Kay from Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, was also secured and represented by the team. 

• 158 Hancock St.: A 4-unit apartment property sold for $1.725 million. Riney, Daniel Greenblatt and William Grover from Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a developer, was also secured and represented by the team. 

Daniel Greenblatt,
Marcus & Millichap

 

William Grover,
Marcus & Millichap

 

Matthew Steinberg,
Marcus & Millichap

 

• 376 Graham Ave.: A 4,875 s/f mixed-use property sold for $3.2 million. Riney, Salvatico and Matthew Steinberg from Marcus & Millichap had the exclusive listing to market the property on behalf of the seller a private investor. The buyer, a developer, was also secured and represented by the team.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking