Sales Beat

Marcus & Millichap Arranges $17M Upper West Side Sale

(Photo. streeteasy)

Marcus & Millichap’s institutional property advisors division has arranged the sale of The Selkirk, a 13-story, 49-unit apartment building on Manhattan’s Upper West Side, at 308 West 82nd Street, for $17.1 million.

Four studio apartments per floor gives the new owner the option to reconfigure the units to larger “family-style” layouts and convert them to condominiums or co-ops over time, said Peter Von Der Ahe, who represented the seller with Seth Glasser and Scott Edelstein.

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Sales Beat

Marcus & Millichap Arranges $8.9 M Sale of Washington Heights Building Near Medical Community Epicenter

1090 St. Nicholas Avenue

Marcus & Millichap has arranged the $8.9 million sale of a six-story, 42-unit elevator building at 1090 St. Nicholas Avenue in Washington Heights, positioned in a pocket of the neighborhood anchored by a number of medical institutions.

The buyer, an undisclosed local investment firm, will continue to run the residential, mostly rent stabilized apartments and retains the Metropolitan Center for Mental Health as a tenant in the basement-level commercial space. Read More

Sales Beat

Marcus & Millichap Arranges $5.1M Upper West Side Sale

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Marcus & Millichap has arranged the $5.1 million sale of a 6,270-square-foot multifamily building at 31 West 87th Street, which sat on the market for two years before the firm was called in, The Commercial Observer has learned.

The five-story building is located in the Upper West Side, just steps from Central Park, between Central Park West and Columbus Avenue – among the selling points that the firm didn’t shy away from when arranging a competitive bid for the property, hashed out between a handful of investors with their eyes on the coveted neighborhood. Read More