PRESS RELEASE: Marcus & Millichap Arranges The Sale Of A 6-Unit Apartment Building

BROOKLYN, NY – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 232 54th Street, a 6-unit apartment property located in Brooklyn, NY, according to John Horowitz, regional manager of the firm’s Brooklyn office. The asset sold for $710,000.

John Brennan and Erik Lundberg, investment specialists in Marcus & Millichap’s Brooklyn office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Brennan and Lundberg.

According to Mr. Brennan, “we maintained a relationship with a seller who is retiring from the NYC real estate market and wanted to take advantage of the current market. Once we were exclusively hired, we were able to generate 7 offers in writing and sold the building above the asking price to a buyer who closed on a completely non-contingent basis.”

With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

Press Contact: John Horowitz

Regional Manager, Brooklyn

(718) 475-4300

TAGS: Investment