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