Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two rare apartment buildings located in the Cobble Hill neighborhood of Brooklyn, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $11,800,000.
Investment sales team led by Matt Fotis and Dylan Renicker of Marcus & Millichap’s Manhattan office, represented the seller, a private investor. The team also procured the buyer, another private investor.
“These buildings had a lot going for them, excellent location, luxury finishes and charm,” says Fotis. “Ultimately, we identified a buyer making their first purchase in Brooklyn who was also in a 1031 Exchange.”
Located at 439-441 Henry Street, just two blocks from Court Street retail corridor, the subject property affords a short walk to Brooklyn Bridge Park. Both lots total 73-feet of residential frontage on Henry Street
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