Von Der Ahe of Marcus & Millichap closes four sales totaling $63.45 million; Includes the $20 million sale of 220 Park Avenue South with Koicim and Lloyd

Peter Von Der Ahe of Marcus & Millichap Real Estate Investment Services has arranged the sale of four properties - two of which are pride-of-ownership assets - in the city totaling $63.45 million during the first half of this year. Von Der Ahe, a VP investments in Marcus & Millichap's Manhattan office, said, "The first half of 2011 has seen many Manhattan multifamily sales and contract signings. This accelerated pace can be largely attributed to the low cost of capital, as well as the growth in residential rents and increases in employment." Von Der Ahe worked with senior associate Joseph Koicim and associates David Lloyd to negotiate the sale of 220 Park Ave. South for $20 million. 220 Park Ave. South has 37 residential units, most of which are studios and one-bedrooms. The 33,638 s/f, nine-story asset also includes four two-bedroom duplex penthouse apartments and one 2,650 s/f retail space currently occupied by Japanese restaurant Haru. In another building sale, Von Der Ahe brokered the $33 million sale of the Henry T. Sloane Mansion located at 18 East 68th St. on the Upper East Side. The property has limestone façades, 17-foot ceilings, seven granite fireplaces and a marble staircase. An elevator provides access to all floors and to the rooftop gardens. Von Der Ahe marketed the property along with associates Scott Edelstein and Seth Glasser. Von Der Ahe arranged the $8.05 million sale of 203 West 107th St., a 34,514 s/f, nine-story building with 28 residential units. Von Der Ahe closed a $2.4 million sale in Chelsea. 308 West 22nd St. is a four-story multi-unit townhouse property that consists of eight one-bedroom apartments. The property is situated on a 20-foot by 99-foot lot. "This transaction highlighted a perfect example of how the market caught up to the asking price of the building," said Lloyd. "Several investors bid on this asset in an effort to acquire a quality building in Chelsea, and we were able to help the seller select the right candidate, which resulted in a smooth closing," said Von Der Ahe.