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Marcus & Millichap Brings in Nearly $11M on Chelsea MXD

NEW YORK CITY-The property's purchase price represents a heightened interest in the lower reaches of the West side, GlobeSt.com has learned EXCLUSIVELY.

By Rayna Katz | Updated on October 01, 2013

NEW YORK CITY-Just a week after closing the sale of a multifamily property in the West Village, Marcus & Millichap Real Estate Investment Services has done a handsome $10.8 million deal—with the same buyer—on a mixed-use property in the neighboring Chelsea area, GlobeSt.com has learned EXCLUSIVELY.

Marcus & Millichap has arranged the sale of 256 W. 15^th St., between Seventh and Eighth avenues. The building features 22 apartments and two retail units. Peter Von Der Ahe, first VP, investments, Joe Koicim, VP, investments, and Sean Lefkovits, senior associate, represented the seller, a private Manhattan-based commercial real estate development firm. The buyer is a private investor.

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