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.

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

A fresh start - by Shallini Mehra and Amit Doshi

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

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,