Marcus & Millichap Closes Two Sales in Brooklyn on Behalf of Sellers

NEW YORK—Marcus & Millichap Real Estate Investment Services recently closed on the sale of two Brooklyn properties, acting on behalf of the seller in both transactions.

In the first transaction, Jakub Nowak, an investment specialist in Marcus & Millichap’s Brooklyn office, represented a private investor in the sale of 354 22nd Street, a six-unit apartment building. The buyer, a private investor, was secured and represented by Matthew Rosenzweig, an investment specialist in Marcus & Millichap’s Brooklyn office, and paid $1.176 million for the property.

In the second transaction, Erik Lundberg, an investment specialist in Marcus & Millichap’s Brooklyn office, had the exclusive listing to market 716 Knickerbocker Ave. for sale on behalf of the seller, a private investor. The buyer, a developer, was also secured and represented by Lundberg. The property, which totals 5,720 sq. ft. of space, is a mixed-use property and was sold for $775,000.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites