Manhattan, NY According to Marcus & Millichap, they have completed the sale of 21-23 Catherine St. The property traded for $14 million. The sale price equates to $659 per s/f with a 6.46% cap rate.
Peter Von Der Ahe, Joe Koicim, and Jared Bernstein of the New York Multifamily Group at Marcus & Millichap acted for the buyer and seller.
The asset totals 21,258 s/f and is located in the Two Bridges neighborhood. The subject consists of two mixed-use walkup buildings containing a total of 30 residential units and 3 commercial units over 21,258 s/f, and is located in the Two Bridges neighborhood.
Thanks for Reading!
You've read 1 of your 3 guest articles
Register and get instant unlimited access to all of our articles online.
Sign up is quick, easy, & FREE.
Subscription Options
Sign up is quick, easy, & FREE.
Already have an account? Login here