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Marcus & Millichap
Real Estate Weekly, Nov 14, 2007
Marcus & Millichap has announced the following sales:
* A six-unit multi-family property, located at 719 Lorimer St., Brooklyn, N.Y. for $925,000. The sale price reflects $247 psf, a capitalization rate of 6.59% and a Gross Rent Multiplier of 11. Zachary Felson and Branden McLellan of Marcus & Millichap's Brooklyn office represented both the buyer and the seller in this transaction.
* A retail property, located at 999 Atlantic Ave., Brooklyn, N.Y. for $1,045,000. The sale price reflects $174 psf and was delivered vacant. Will Kiersky of Marcus & Millichap's Brooklyn office represented the seller while Michael Rothstein of Marcus & Millichap's Manhattan office represented the buyer.
COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
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