November 29th, 2017 | By: John Stewart

Stewart and Torey of Marcus & Millichap arrange $12.25 million sale of walk-up portfolio

Marcus & Millichap has completed the $12.25 million sale of 128 and 130 First Ave., a portfolio of two walk-up buildings located in the East Village neighborhood, according to John Krueger, regional manager of the firm’s Manhattan office. 

“A sale price over $1,000 per s/f is a strong price for mixed-use, avenue buildings in the East Village,” said  O’Leary.  “Below market rents and strong residential rental demand will allow the buyer to add value to this property quickly.”

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Stewart, O’Leary and Torey of Marcus & Millichap arrange $12.25 million sale of walk-up portfolio