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New York — Marcus & Millichap has arranged the sale of a 21,395-square-foot mixed-use property located in New York. The asset sold for $9.95 million.
Peter Von Der Ahe, Scott Edelstein, Seth Glasser and Rafi Moskowitz, investment specialists in Marcus & Millichap’s Manhattan office, marketed the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Von Der Ahe, Edelstein, Glasser and Moskowitz, investment specialists in Marcus & Millichap’s Manhattan office.
The property is located in West Harlem at 1774 Amsterdam Ave. The property is composed, almost entirely, of free-market units and traded at $465 per square foot, according to a release.