The Real Deal New York

Posts Tagged ‘marcus millichap’

  • From left:  Joseph Koicim, Peter Von Der Ahe, 153 East 32nd St. and Aaron Jungreis

    From left: Joseph Koicim, Peter Von Der Ahe, 153 East 32nd St. and Aaron Jungreis

    Residential landlord Vito Sacchetti paid $43.7 million, or about $700 per square foot, for a 68-unit Murray Hill rental building, The Real Deal has learned. [more]

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  • From left: Joseph Koicim, Peter Von Der Ahe and 20 Avenue A

    From left: Joseph Koicim, Peter Von Der Ahe and 20 Avenue A

    A 62-unit rent-regulated building in the East Village just traded hands for the first time in over three decades for $26.5 million, or about $627 per square foot. [more]

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  • From left: Luke Sproviero, Alan Dixon, Derek Bestreich and 770 St. Marks Avenue

    From left: Luke Sproviero, Alan Dixon, Derek Bestreich and 770 St. Marks Avenue

    UPDATED, 4:46 p.m., July 16: Australian real estate investment trust Dixon Advisory’s US Masters Residential Property Fund is making a splash in Brooklyn’s multifamily market, paying $25 million for a 124-unit rent-stabilized portfolio in Crown Heights, The Real Deal has learned. [more]

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  • Clockwise from top left: 501 West 148th Street, 169 Edgecombe Avenue, 1702 Amsterdam Avenue, Ron Moelis and Peter Von Der Ahe

    Clockwise: 501 West 148th St., 169 Edgecombe Ave., 1702 Amsterdam Ave., Ron Moelis and Peter Von Der Ahe

    Ron Moelis’ L&M Development Partners just acquired a 19-building, 300-unit affordable housing portfolio in West Harlem, The Real Deal has learned. [more]

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  • 19-west-8th

    19 West 8th Street and Joe Koicim

    A five-story Greenwich Village walk-up apartment building sold for more than double the price the seller purchased the property for three years ago.

    JMC Holdings sold the eight-unit townhouse-turned-rental at 19 West 8th Street to buyer Mitchell Marks for $10.25 million just nine days after the property was listed. JMC paid $5 million for the building in 2011. [more]

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  • From left:

    From left: 215-219 West 145th Street, Peter Von Der Ahe and 2492 & 2498 Adam Clayton Powell Boulevard

    Israeli real estate investor Yoram Nissim is looking to sell a three-building rental portfolio in West Harlem for just shy of $25 million, The Real Deal has learned. The buildings, located on West 145th Street and Adam Clayton Powell Boulevard, total 68,120 square feet and contain 99 rent-stabilized and free-market units as well as retail space, according to an offering memorandum from Marcus & Millichap. [more]

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  • 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]

    4 Comments
  • 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]

    2 Comments
  • 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]

    1 Comment
  • 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]

    1 Comment
  • 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]

    3 Comments
  • 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]

    1 Comment
  • 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]

    2 Comments
  • 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]

    3 Comments
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