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| 143-145 West 4th Street, West Village area of Greenwich Village, Manhattan, NY |
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| Joseph Koicim |
NEW YORK, Dec. 5, 2013 – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has arranged the sale of a 26-unit multifamily property located at 143-145
West 4th St. The $19,200,000 sales price equates to $1,147 per square foot.
Joseph
Koicim, Peter Von Der Ahe and Sean Lefkovits, all in Marcus &
Millichap’s Manhattan office, advised the seller, Silverstone Property Group.
The buyer is a private investor who purchased the property through a 1031
exchange.
Silverstone Property Group acquired 143-145 West 4th St. in August 2012
for $11,325,000 and implemented a renovation program for the free-market units
and common areas.
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| Peter Von Der Ahe |
“The
property is located within one of the most desirable rental markets in
Manhattan,” says Koicim. “The 21 free-market units have been fully renovated to
luxury standards and the five rent-stabilized units provide the new owner with
a significant upside opportunity.”
Located
in the West Village area of Greenwich Village, 143-145 West 4th St. is
one half-block from Washington Square Park and near New York University’s
undergraduate school, the New York University School of Law and several subway
stops.
The northernmost point of West Village is the Meatpacking
District, which includes renowned restaurants and high-end boutiques that
attract local residents and tourists from around the world.
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| Sean Lefkovits |
The
building’s unit mix features four one-bedroom units, 11 two-bedroom apartments,
10 three-bedroom units and one five-bedroom apartment. All of the free-market
units feature new hardwood floors, stainless-steel appliances, marble
countertops, modern bathroom designs, high-end light fixtures and washer/dryer
units.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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