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Deals & Dealmakers

Marcus & Millichap arranges the sale of  5,000-square feet 

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 163 Bleecker Street, 5,000-square feet of land located in New York, NY, according to Susan Bands, regional manager of the firm’s Manhattan office. The asset sold for $4,500,000.

Joshua Bluestein and John J. Stewart, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, Bleecker Plaza Realty Corp.  The buyer, Ofer Cohen, was secured and represented by Matt Fotis and Robert Aaron, investment specialists in Marcus & Millichap’s Manhattan office.

Bluestein comments, “This transaction shows there is renewed interest in property in lower Manhattan after the rental market soared here since the summer. We created a competitive buying process and were able to secure over $500/buildable square foot and a 15-day closing timeframe for the seller.”

163 Bleecker Street is located at 163 Bleecker St in New York, NY.  The property was built in 1900 and was delivered completely vacant.

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