M&M BROKERS $8.05M SALE OF APARTMENT COMMUNITY

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NEW YORK CITY — Marcus & Millichap Real Estate Investment Services has brokered the $8.05 million sale of 203 West 107th Street, a 34,514-square-foot apartment community in New York City. Peter Von Der Ahe and Scott Edelstein of Marcus & Millichap’s Manhattan office represented the buyer, a private investor, and seller, a limited liability company, in the transaction. The asset has a 3.45 percent cap rate. The property is nine stories tall and contains 28 residential units.

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