MARCUS & MILLICHAP ARRANGES SALE OF TWO APARTMENT BUILDINGS FOR $4M

SPRING VALLEY AND SCHENECTADY, N.Y. — Marcus & Millichap has arranged the sale of two apartment properties in New York for a combined total of $4 million. The first, Juliann Garden Apartments, is a 52-unit apartment complex located in Spring Valley, about 35 miles north of New York City. The multifamily property, which is located at 9 Park Ave., includes 24 on-bedroom units, 18 two-bedroom units and two three-bedroom units. The buyer and seller were private investors. The second property, Union Street Apartments, is a 10-unit apartment building located in Schenectady, about 15 miles north of Albany. The multifamily property, which is located at 4 Union St., features two studios, six one-bedroom units, and two two-bedroom units. The seller was a financial institution and the buyer was a private investor.