Sunday, May 3, 2015

$10.1 Million Buys Mixed-Use Property in West Harlem, NY; Sale Brokered by Marcus & Millichap

Seth Glasser
NEW YORK, NY– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 2070 Frederick Douglass Blvd., a six-story elevator building with 16 residential units and two commercial spaces. 

The $10.1 million sales price equates to $667 per square foot.

            Peter Von Der Ahe, Scott Edelstein, Seth Glasser and Brett Garson, all in Marcus & Millichap’s Manhattan office, represented the seller, 2070 Uptown LLC and the buyer, Prince Street LLC.

            “The property is a fully rent-stabilized, low-maintenance apartment building with market- rate upside two blocks from Central Park,” says Glasser.

            The building is proximate to Columbia University, Barnard College and the A and C subway lines.

For a complete copy of the company’s news release, please contact:

Gina Relva, 
Public Relations Manager

(925) 953-1716

No comments: