{"id":265072,"date":"2026-06-12T23:32:13","date_gmt":"2026-06-12T23:32:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/265072\/"},"modified":"2026-06-12T23:32:13","modified_gmt":"2026-06-12T23:32:13","slug":"marcus-millichap-arranges-11-4m-sale-of-mixed-use-property-in-manhattan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/265072\/","title":{"rendered":"Marcus &#038; Millichap Arranges $11.4M Sale of Mixed-Use Property in Manhattan"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/06\/Untitled-April-05-2026-at-15.21.04-1-17.jpeg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/06\/Untitled-April-05-2026-at-15.21.04-1-17.jpeg\" alt=\"196 Bowery\" title=\"196 Bowery\"\/><\/a><\/p>\n<p><a href=\"https:\/\/ir.marcusmillichap.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Marcus &amp; Millichap (NYSE: MMI)<\/a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of <a href=\"https:\/\/streeteasy.com\/building\/the-bowery-continental\/7?utm_campaign=rental_listing&amp;utm_medium=share&amp;utm_source=web&amp;lstt=gkexBwAIW52LzMSQgIYODlgS4LH4HzQFQPz7ezdxYO3fi0dPE8hbpIJgLhISu87Tdrq4nLQvXF3x3dW3\" target=\"_blank\" rel=\"noopener nofollow\">196 Bowery<\/a>, a mixed-use property in Manhattan\u2019s NoLita neighborhood. The asset sold for $11.4 million.<\/p>\n<p>\u201cAs regulatory changes have pushed the rental market to new records, the sales market has followed suit,\u201d said Matt Fotis of Marcus &amp; Millichap in New York City. \u201cMixed-use buildings that are free of complex regulatory history continue to command the strongest demand and pricing.\u201d<\/p>\n<p>Fotis, along with Colton Traynham and Michael Weinstein of Marcus &amp; Millichap exclusively marketed the property on behalf of the seller, Bowery Square Corp., and procured the buyer, Javeri Capital.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-77396\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/06\/Untitled-April-05-2026-at-15.21.04-2-19.jpeg\" alt=\"\" width=\"696\" height=\"365\"\/><\/p>\n<p>The eight-story, 13,000-square-foot building sits on a 0.6-acre lot between Spring and Prince Street. The property includes seven upscale apartments with private terraces and private keyed elevator access, as well as a ground-floor retail unit occupied by Genyth Tattoo.<\/p>\n<p>Marcus &amp; Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus &amp; Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"Marcus &amp; Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research&hellip;\n","protected":false},"author":2,"featured_media":265073,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[2003,36863,2364,75,8392,84,83,2005,17024,2008,9,24,12,63,2010,73995],"class_list":["post-265072","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-deal-boom","tag-historic-building","tag-luxury","tag-manhattan","tag-manhattan-new-york","tag-manhattan-headlines","tag-manhattan-news","tag-marcus-millichap","tag-mixed-use","tag-multifamily","tag-new-york","tag-new-york-city","tag-news","tag-nyc","tag-transit-oriented","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/265072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=265072"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/265072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/265073"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=265072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=265072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=265072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}