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| Peter Von Der Ahe |
BROOKLYN, NY – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
arranged the sale of 105 Grand Avenue, a 36-unit apartment building
located in Brooklyn’s Clinton Hill neighborhood. The $16 million sales price
equates to $444,444 per unit.
Peter Von Der Ahe, a first vice president
investments, Joe Koicim and Scott Edelstein, vice presidents
investments, and Sean Lefkovits, an associate, all in Marcus &
Millichap’s Manhattan office, represented the seller, a Brooklyn-based
investment group. Von Der Ahe, Koicim, Edelstein and Lefkovits also represented
the buyer, Springhouse Partners.
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| Joseph Koicim |
“With
vacancy in Brooklyn and Queens compressing to the lowest level in nearly a
decade this year, local, out-of-state and international investors are actively
seeking high-quality multifamily assets in the New York City area,” says
Koicim. “105 Grand Avenue’s modern design and central Clinton Hill location
added to the overall attractiveness of this investment opportunity.”
The
seven-story elevator building is located at 105 Grand Ave. in Brooklyn. The
Pratt Institute is across the street and Fort Greene Park is nearby.
The building’s unit mix features studios and one- and
two-bedroom apartments. Amenities include a gym and a rooftop deck with views
of Manhattan.
Contact:
Marcus & Millichap
Public Relations
(925) 953-1716
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