Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 83 Warren Street, a 5-unit apartment property located in New York, New York. The asset sold for $6,000,000.
“This sale reflects the continued demand of multifamily class in the New York market” said Matt Fotis. Fotis and Colton Traynham, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Colton Traynham and Matt Fotis.
The subject property is a five-story apartment building that consists of five residential
units. The property is built 25 feet by 75 feet on the first floor and 25 feet by 70 feet on the second through fifth floors and sits on a 25 foot by 75.69-foot lot with approximately 8,925 gross square feet.
The property is located at 83 Warren Street. The property is located between Greenwich Street and West Broadway in the Tribeca section of Manhattan steps from Hudson River Park, City Hall Park, Rockefeller Park and Tribeca Park.
About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2022, the Company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
