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M&M sale.


Marcus Marcus, in the Bible: see Mark, Saint.  & Millichap Real Estate Investment Brokerage Company announced the sale of a land parcel in Manhattan for $17 million.

Barry Kimchy, a senior associate in Marcus & Millichap's Manhattan office, represented the buyer and seller in the transaction.

"This property sold in only seven days and with its size increased through the purchase of rights from adjacent properties," said Kimchy. "This is an excellent investment opportunity and its tremendous upside potential Upside potential

The amount by which analysts or investors expect the price of a security may increase.


upside potential

The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar
 was demonstrated through the marketing campaign targeted at a concentrated group of developers."

The property is located at 99101 Washington Ave AVE Avenue
AVE Average
AVE Alta Velocidad Espanola (train between Madrid and Seville)
AVE Alta Velocidad EspaƱola (Spanish: High Speed Train)
AVE Audio Video Entertainment
AVE Advertising Value Equivalent
., at the corner of Washington and Rector Street Rector Street may refer to:
  • Rector Street (IRT Broadway–Seventh Avenue Line), a New York City Subway station
  • Rector Street (BMT Broadway Line), a New York City Subway station
  • A street in Lower Manhattan
. It was previously a nine-story parking facility. The buyer is currently considering placing a hotel on the site.
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Title Annotation:Marcus & Milliehap Real Estate Investment Brokerage Co.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 16, 2005
Words:117
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