MARCUS & MILLICHAP COMPLETES SALE OF MULTIFAMILY BUILDING

by admin

NEW YORK CITY — Marcus & Millichap has completed the sale of an eight-unit multifamily building located at 237 Troy Ave. in Brooklyn, New York City. Daniel O’Brien with the firm’s Brooklyn office represented the seller, a private investor. The undisclosed buyer was secured and represented by an outside broker. The property traded at a price of $645,000 and a 6.59 percent capitalization rate.

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