Marcus & Millichap Inc.

11/22/2021 | Press release | Archived content

Marcus & Millichap Arranges The Sale Of A 13,403-Square Foot Mixed-Use Building New York, NY

New York, NY, November 22, 2021 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 9 Spring Street, a 13,403-square foot mixed-use property located in New York, NY, according to Susan Bands, regional manager of the firm's Manhattan office. The asset sold for $11,250,000. Matt Fotis, Robert Aaron, Colton Traynham and Jonathan Zarin, investment specialists in Marcus & Millichap's Manhattan office, had the exclusive listing to market the property, and represented both the seller and buyer, 9 Spring LLC. Fotis commented, "As pent-up buyer demand for quality assets intensified this year, we successfully generated over 15 offers in three weeks." The building is located at 9 Spring St in New York, NY. It hosts six mixed-use units with one of two delivered vacant.

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: