News: Brokerage
Posted: March 11, 2013

Mathios, Helpern and Siegel of Marcus & Millichap handle $4.321 million, Buyer secured by bands of Marcus & Millichap

Marcus & Millichap Real Estate Investment Services has completed the sale of two vacant commercial condos located at 490-506 Greenwich St., according to J.D. Parker, VP and regional manager of the firm's Manhattan office. The asset commanded a sales price of $4.321 million. Eleas Mathios, investment associate, Michael Helpern, investment associate, and Steven Siegel, first VP investments in Marcus & Millichap's Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was secured by Sharon Bands of Marcus & Millichap. "These were two downtown Manhattan commercial condos on Greenwich St. One had an existing retail tenant, the other was purchased because the buyer saw a change of use from office to retail, creating tremendous opportunity going forward," said Siegel.
Tags: Brokerage
Print
Share
Reprint
Previous Story Next Story
READ ON THE GO
DIGITAL EDITIONS
Browse Now
Subscribe
Quick Hits
Neighborhoods, not apartment complexes, build resilient communities that are safer, healthier, and more prosperous - by Paul Adler
Columns and Thought Leadership
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.
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,
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
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