The Real Deal New York

Posts Tagged ‘marcus millichap’

  • marcus

    Jakub Nowak (top left) and Hemal Patel (bottom left) of Marcus & Millichap and 150 52nd Street

    An investment group led by Mark Karasick of 601W Companies has made another land grab in Sunset Park, The Real Deal has learned.

    Seven months after the firm snagged a 690,000-square-foot industrial lot at 75 20th Street, the group has acquired a two-story industrial building nearby, comprising 201,930 buildable square feet, for $19.5 million. [more]

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  • Clockwise from top left: 500 Cathedral Parkway, 111 West 104th Street, 242 West 109th Street, 3143, 3147 and 3149 Broadway

    Clockwise from top left: 500 Cathedral Parkway, 111 West 104th Street, 242 West 109th Street, 3143, 3147 and 3149 Broadway

    A six-building Upper West Side portfolio near Columbia University has gone on the market with an asking price of $89 million.

    The package originally consisted of eight buildings, Marcus & Millichap broker Marco Lala told The Real Deal. The northernmost duo, near City College, sold in late December. The remaining properties are located at 500 Cathedral Parkway and West 110th Street; 3143, 3147 and 3149 Broadway; 111 West 104th Street and 242 West 109th Street. The properties are being marketed by commercial brokerage Marcus & Millichap. [more]

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  • chang-west-40th

    Sam Chang and 346 West 40th Street

    Developer Sam Chang plans to bring a 594-room hotel to the parking garage site at 346-354 West 40th Street that he purchased for $26.3 million in December.

    Gene Kaufman, a regular collaborator of Chang’s, is serving as architect on the 35-story hotel project between Eighth and Ninth avenues, according to building permits filed today, as first cited by the blog New York Yimby. The cabin-like units will be no larger than 300 square feet apiece. [more]

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  • Shaun Riney (inset) and 68 Richardson Street

    Shaun Riney (inset) and 68 Richardson Street

    A three-building Brooklyn portfolio near McCarren Park hit the market asking $25.5 million. [more]

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  • Orbach Group sells UES package for $12M

    February 24, 2014 06:55PM
    From left: Peter Von Der Ahe, Joe Koicim, 518 East 88th Street and 234 East 88th Street

    From left: Peter Von Der Ahe, Joe Koicim, 518 East 88th Street and 234 East 88th Street

    The Orbach Group has sold two multi-family buildings on the Upper East Side to real estate investment trust Aimco for $12 million, The Real Deal has learned. [more]

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  • inwood

    From left: 222-228 Seaman Avenue, 623-631 West 207th Street and Peter Von Der Ahe

    Doug Eisenberg of investment firm A&E Real Estate picked up a four-building multi-family portfolio in Inwood for $31 million from development and investment firm the Dermot Company, The Real Deal has learned. [more]

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  • chang-garage

    From left: 346 West 40th Street, Haym Gross’ proposed rendering and Sam Chang

    Although he claims he is in the twilight of his career, prolific hotel developer Sam Chang is continuing a string of purchases. Most recently, he paid $26.5 million for a 53,172-square-foot parking garage late last week, in order to build a hotel, he confirmed to The Real Deal. [more]

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  • From left: Wen-Ying Tsai, 7 East 19th St and Tsai's "Multikinetic"

    From left: Wen-Ying Tsai, 7 East 19th St and Tsai’s “Multikinetic”

    The Flatiron District home of Chinese-born artist and dissident Wen-Ying Tsai has sold for $12 million.

    The late Tsai, who passed away in January, created motorized sculptures and established the city’s Tsai Art and Science Foundation. [more]

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  • From left: Silverstone's Josh Zegen, 143-145 West 4th Street, Joseph Koicim and Peter Von Der Ahe

    From left: Silverstone’s Josh Zegen, 143-145 West 4th Street, Joseph Koicim and Peter Von Der Ahe

    Silverstone Property Group has sold a West Village multi-family building for $19.2 million, after buying it for $11.3 million just over a year ago, the company told The Real Deal exclusively. [more]

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  • Jeff Kaye and Rob Morgenstern of Stone Street, 11 Cornelia Street and Joe Koicim and Peter Von Der Ahe of Marcus & Millichap

    From left: Jeff Kaye and Rob Morgenstern of Stone Street, 11 Cornelia Street and Joe Koicim and Peter Von Der Ahe of Marcus & Millichap

    Jeffrey Kaye and Robert Morgenstern have sold a multi-family property in the West Village to a Queens-based investor for nearly $24.6 million. The partners disclosed the deal, done through their Stone Street Properties, in an interview today with The Real Deal. [more]

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  • 15 East 31st Street (left) and Joseph Koicim

    Joseph Koicim and 15 East 31st Street (left)

    An eight-unit mixed-use building near the NoMad Hotel has traded hands for $8.65 million. The 14,739-square-foot property at 15 East 31st Street has five commercial units and three residential units and sold at a capitalization rate of 3.1 percent, a Marcus & Millichap team told The Real Deal exclusively.

    The asking price for the property, located between Madison and Fifth avenues, was $8.995 million, according to the offering memorandum. Marcus & Millichap’s Joseph Koicim, who brokered the transaction along with colleagues Peter Von Der Ahe and David Lloyd, said the buyer was a European private investment group who did the deal at a “record low cap rate,” but declined to name the group. The seller was an LLC listed as “15 East 31st Street Company.” [more]

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  • Manhattan-Multifamily-Sales-Report---Q3-2012-6

    Marcus & Millichap downtown data. Click to enlarge

    Harlem had the most multi-family property sales of any neighborhood in Manhattan in the third quarter, more than double year-over-year, according to a quarterly report from commercial brokerage Marcus & Millichap provided exclusively to The Real Deal.

    Multi-family deals in Harlem climbed to 25 deals from 12 in last year’s third quarter, when the Upper East Side and Downtown tied for the most active markets, with 13 deals apiece. Overall, the number of Manhattan sales tapered slightly, to 84 from 87 year-over-year, down 3.4 percent. Washington Heights saw 11 deals in the third quarter, while the Upper East Side saw 10. [more]

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  • Benchmark's Jordan Vogel, Marcus & Millichap's Joe Koicim and Peter Von Der Ahe and 48 Bedford Street

    Benchmark’s Jordan Vogel, Marcus & Millichap’s Joe Koicim and Peter Von Der Ahe and 48 Bedford Street

    Aaron Feldman and Jordan Vogel of Benchmark Real Estate Group have made good on their intention to double their money at a Greenwich Village walk-up, selling the property for $9.5 million after acquiring it last year for just $4.48 million, The Real Deal has learned. [more]

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  • 315 West 35th Street (inset: John Krueger of Marcus & Millichap)

    315 West 35th Street (inset: John Krueger of Marcus & Millichap)

    A gutted office building that was once the focus of a dispute involving Isaac Chetrit and poorly proofread title documents has hit the market for $36 million, The Real Deal has learned. The property, on Midtown’s West Side, was in the midst of a residential conversion before the economic downturn, and is a sort of ready-made condominium redevelopment project for a buyer with the right finances, listing broker John Krueger, an associate with commercial brokerage Marcus & Millichap, told TRD. [more]

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  • jd-parker-millichap-1

    J.D. Parker and 270 Madison Avenue

    Marcus & Millichap has tacked on an extra 6,100 square feet at its Midtown East office to make room for its growing sales staff, the New York Observer reported.

    The real estate investment services firm plans to fill the additional space at 270 Madison Avenue, near 40th Street, with 35 more brokers and agents. Its Northeast offices — in Manhattan, Brooklyn, White Plains, N.Y., and New Jersey — closed 645 deals totaling more than $2.4 billion last year, according to the newspaper. [more]

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  • Benchmark's Jordan Vogel, Marcus & Millichap's Joe Koicim and Peter Von Der Ahe and 48 Bedford Street

    Benchmark’s Jordan Vogel, Marcus & Millichap’s Joe Koicim and Peter Von Der Ahe and 48 Bedford Street

    Aaron Feldman and Jordan Vogel went on a buying spree of small walk-ups across Manhattan when they founded their Benchmark Real Estate Group four years ago and now they’re on a selling spree. This property, like several of the others, is in Greenwich Village. [more]

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  • 1031-pic

    From left: Doug Harmon, Joe Koicim, Matthew Bonney and Matthew Scheriff

    A growing number of investors are opting for so-called 1031 exchanges, in the wake of tax code changes that have increased the hit on selling real estate. But with more sellers exchanging higher and higher priced properties, some experts say the investment sales market is getting artificially inflated. [more]

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  • From left: Peter Von Der Ahe of Marcus & Millichap, 152 Spring Street and Mick Jagger

    A Soho building previously occupied by hip celebrity dining den Boom has sold for $12.7 million, The Real Deal has learned. Boom, a wine bar and Soho mainstay, was forced to close its doors because of flooding due to Hurricane Sandy, said broker Peter Von Der Ahe, a vice president at Marcus & Millichap. [more]

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  • Tavros buys Chelsea Muse for $27.5 million

    December 24, 2012 02:00PM

    From left: Peter Von Der Ahe, Chelsea Muse exterior and interior and Joseph Koicim

    Tavros Capital Partners has purchased the Chelsea Muse, a luxury mixed-use building located at 537 West 27th Street, for $27.5 million, The Real Deal has learned. The sellers were Ekstein Development, RD Management and L&M Development Partners. The deal closed on December 20. [more]

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  • 1059 Third Avenue

    The Art & Design building, a showroom and office space at 1059 Third Avenue, at 63rd Street, has sold for $31.5 million, representatives for the seller told The Real Deal.

    The buyer, a foreign entity that has not developed real estate in New York City before, will demolish the building and develop luxury condominiums, said Tanya Siegel of Marcus & Millichap, who represented the seller with colleague Kailin Zhu.

    The buyer was selected among hundreds of individuals and entities that expressed interest in the asset, Siegel said, because it was able to close in 30 days in an all-cash transaction. The original listing price was just $1 million greater than the final sale price, Siegel said. [more]

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