187
FLUSHING, N.Y. — Marcus & Millichap has brokered the sale of 142-27 Barclay Ave., a six-story apartment building in downtown Flushing. The property sold for $13 million at a capitalization rate of 3.07 percent. Victoria Fisher and Jim Evans of Marcus & Millichap represented the undisclosed seller in the transaction who had owned the building since the 1960s. The purchaser, who was in a 1031 exchange, was also not disclosed. The 50-unit building features 24 free market apartments and 26 that are rent stabilized.