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MARCUS & MILLICHAP ARRANGES MULTIFAMILY SALE

NEW YORK CITY — Marcus & Millichap has arranged the sale of a 26-unit multifamily property located at 199 Bay 17th St. in Brooklyn, New York City, for $2.77 million. Matthew Fotis and Dolly Amigon of the firm’s Brooklyn office represented the seller and secured the buyer; both parties were undisclosed. The property traded at a price of $126 per square foot and a 5.25 percent capitalization rate.

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