Marcus & Millichap Real Estate Investment Services announced
the following sales:
* Reading Ridge Center, a 22,424 s/f retail property in Flemington.
NJ, sold for $2,200,000. Michael Lombardi represented the seller, a
private investor. Lombardi also secured the buyer, a private investor.
Reading Ridge attracted 16 offers from investors in NJ, PA and NY with
an all cash buyer from NJ ultimately winning the deal. * 31 West 87th
Street, a four-unit multifamily property, sold for $5,100,000 and a
capitalization rate of 2,9 percent. Scott Edelstein, Sean Lefkovits and
Peter Von Der Ahe represented the seller, a limited liability company.
* 157 Bleecker Street, a vacant 5,100 s/f mixed-use property, sold
for $5,500,000. Barbara Dausker and Zach Ziskin represented the seller,
a limited liability company. The buyer, a developer, was also secured
and represented by Dansker and Ziskin,
* The McCartney Building, a 4,000 s/f, two-story, mixed-use retail
and office property located al 475 Ash ford Avenue in Ardsley, NY, sold
for $500,000. Steven Rock and Harry Delany represented the sellers.
* 458 West more 50th Street, a six-unit apartment property, sold for
$2,980,000. Joe Koicim, Sean Lefkovits, and Peter Von Der Abe, along
with Robert Hunter represented the seller, a private investor. The buyer
is a foreign investment fund that specializes in redevelopment
opportunities and owns several properties in Brooklyn and New Jersey.