NEW YORK CITY-Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for 157-159 Suffolk St., a 26,800-sf mixed-use building consisting of 33 apartments and four retail spaces in Lower Manhattan. The listing price of $15 million represents $560 per sf.

Deanne Draeger, an investment specialist in the Manhattan office of Marcus & Millichap, is representing the seller, Muriel Reilly. “This property represents an excellent rental or condominium redevelopment opportunity in the rapidly gentrifying Lower East Side,” Draeger says.

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