GREENWICH VILLAGE MULTIFAMILY PROPERTY TRADES FOR $19.2M

NEW YORK CITY — Marcus & Millichap has arranged the $19.2 million sale of a 26-unit multifamily property located at 143-145 W. 4th St. in the Greenwich Village neighborhood of Manhattan. The sales price equates to $1,147 per square foot. Joseph Koicim, Peter Von Der Ahe and Sean Lefkovits, all in Marcus & Millichap’s Manhattan office, advised the seller, Silverstone Property Group. The buyer is a private investor who purchased the property through a 1031 tax-deferred exchange. Silverstone Property Group acquired the property in August 2012 for $11.3 million and implemented a renovation program for the free-market units and common areas. The building’s unit mix features four one-bedroom units, 11 two-bedroom apartments, 10 three-bedroom units and one five-bedroom apartment. All of the free-market units feature new hardwood floors, stainless steel appliances, marble countertops, modern bathroom designs, high-end light fixtures and washer/dryer units.