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 16 Barrow Street, a 7,397-square foot mixed-use property located in New York, NY, according to John Horowitz, first vice president/division manager of the firm’s Manhattan office. The asset sold for $6,430,000, which equates to $869 price per square foot.
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, W-Financial. The Stewart Group also secured the buyer, a limited liability company.
Bluestein comments, “This transaction gathered interest from both local and international buyers and was a very competitive bidding process with multiple offers and ultimately was able to deliver the building with 11 out of 14 residential units vacant as well as a small commercial unit on the ground floor.”
16 Barrow Street is located in the West Village neighborhood of Manhattan.
