MARCUS & MILLICHAP COMPLETES THREE MULTIFAMILY SALES

POTTSTOWN, PA., BAYONNE, N.J., AND NEW YORK CITY — Marcus & Millichap has completed three multifamily sales. The first transaction involved the $1.1 million sale of Elliott Place, a 20-unit apartment building located at 124 King St. in Pottstown. Ken Wellar and Zachary Pierce of Marcus & Millichap's Philadelphia office represented the buyer, a limited liability company, and the seller, a local private investor. The second transaction involved the $895,000 sale of a residential building located in Bayonne. The property contains two- and three-bedroom units, a six-bedroom duplex, ground-floor office space and two cell phone towers. Thomas McConnell, Kevin McCrann and Maz Radwan of Marcus & Millichap's New Jersey office represented the seller, a local developer. The final deal involved the sale of 860 Marcy Ave., an eight-unit multifamily building located in Brooklyn, New York City, for $425,000. Nick Richards of Marcus & Millichap's Brooklyn office represented the seller, a private investor, and the buyer, also a private investor.