Thursday, April 16, 2015

Three-Property Manhattan Multifamily Portfolio Sale Arranged by Marcus & Millichap



The properties are: 104 West 144th Street; 106 West 144th Street
108 West 144th Street and 110 West 144th Street


Shlomo Manne
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 a four-property, 60-unit multifamily portfolio in Manhattan’s West Harlem neighborhood.

The properties are: 104 West 144th St., 106 West 144th St., 108 West 144th St. and 110 West 144th St. The $13.3 million sales price equates to $221,667 per unit.

            Peter Von Der Ahe, Shlomo Manne, Scott Edelstein, Marco Lala, Seth Glasser and Rafi Moskowitz, all in Marcus & Millichap’s Manhattan office, arranged the transaction on behalf of the seller, 144 St. Johanna Associates and the buyer, Treetop Development.

            “This is the first time these properties have been sold in more than 40 years,” says Von Der Ahe.

“They were all connected under a Section 8 Homeowners Assistance Program (HAP) contract that expired in October 2014,” adds Glasser.


Rafi Moskowitz
Built in 1920, the buildings span 152 feet along 144th Street between Lenox Avenue and Adam Clayton Powell Boulevard near the 145th Street retail corridor.

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

Gina Relva, Public Relations Manager

(925) 953-1716

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