Marcus & Millichap Arranges Sale of 24-Unit Apartment Building in Cleveland

by Kristin Harlow

CLEVELAND — Marcus & Millichap has arranged the sale of The Esmond in Cleveland for an undisclosed price. The 24-unit apartment building is located at 4806 Euclid Ave. in the Midtown neighborhood. John Eisenmann, who built the renowned Cleveland Arcade, originally constructed the building in 1898. The building has historically been a popular residence for artists, musicians and other creative professionals. William Koontz, Charles Gagliano, Michael Barron, Daniel Burkons and Joshua Wintermute of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also procured the buyer who plans to renovate the units. Lease-up will begin this summer.

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