Tyler of Marcus Millichap arranges $890,000 sale of 8-unit multifamily

Marcus & Millichap has completed the sale of an eight-unit multifamily property, located at 517 53rd St. for $890,000. The sale price reflects $135 per s/f, a capitalization rate of 4.48% and a gross rent multiplier of 13. Mark Tyler of Marcus & Millichap represented both the seller and the buyer in this transaction. "Investors are buying in the Sunset section of Brooklyn because it is a desirable residential neighborhood with many buildings currently performing poorly due to below market rents," said Tyler. Founded in 1971, Marcus Millichap is a national commercial real estate brokerage that focuses exclusively on real estate investments. In 2006, the firm closed $20.5 billion in transactions.

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Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

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