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Marcus & Millichap.

Marcus & Millichap announced the following sales:

* 35 Sterling Place, a 3-unit apartment property located in Brooklyn, sold for $2,900,000. Jakub Nowak, Matthew Rosenzweig and Jesse Kay from Marcus & Millichap's Brooklyn office, represented the seller, an individual/personal trust. The buyer, an individual/personal trust, was also secured and represented by Nowak, Rosenzweig and Kay.

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* 524 Lorimer Street, a 3,384 s/f mixed-use property located in Brooklyn, sold for $4,000,000. Shaun Riney, James Saros, Michael Salvatico and Matthew Steinberg represented the seller, a limited liability company. The buyer, a limited liability company, was also secured and represented by the team. The sale closed at $ 1,182 psf, a price record for a property east of the Brooklyn Queens Expressway.

* 80 A 4th Avenue, a 3-unit apartment property located in Brooklyn, sold for $2,125,000. Shaun Riney, James Saros and Michael Stimler represented the seller, a limited liability company. The buyer, a limited liability company, was also secured and represented by the team. The clients repositioned their portfolio by taking advantage of the historically strong Brooklyn market and exchanging into a 30-unit multifamily property in Phoenix Arizona.

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Title Annotation:SALES
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Jun 22, 2016
Words:193
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