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