 |
| 256 West 15th Street, Manhattan, NY |
 |
| Peter Von Der Ahe |
NEW YORK, NY, Oct.
23, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s
largest real estate investment services firm, has arranged the sale of 256
West 15th St., a mixed-used building in Manhattan composed of 22 apartments and two retail units. The
$10,750,000 sales price equates to $447,917 per unit.
Peter
Von Der Ahe, Joe Koicim, and Sean Lefkovits, all in Marcus &
Millichap’s Manhattan office, represented the seller, a private Manhattan-based
commercial real estate development firm. The buyer is a private investor.
 |
| Joseph Koicim |
“The
building’s location and turnkey nature sparked a great deal of interest from
the investment community,” says Koicim. “We conducted 32 property tours and
received 13 qualified offers from investors ranging from 1031 exchange buyers
to investors with foreign capital.”
“The
property was perfectly suited for the buyer’s need for a high cash-flow
finished product,” adds Lefkovits. “The building’s proximity to Google’s New
York office made it doubly attractive.”
 |
| Sean Lefkovits |
The property is located two blocks from the High Line, just
steps from the entrance to the A, C, E and L subway lines at 14th Street and
one block from the 1,2 and 3 lines.
The
building is approximately 25 feet by 88 feet and is situated on a 25-foot by
103-foot lot. The R8B-zoned property features 14 free market units, 13 of which
have been fully renovated to a luxury standard. The unit mix includes two
studios, 18 one-bedroom units and two 2-bedroom apartments.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
No comments:
Post a Comment