{"id":297762,"date":"2026-07-16T16:23:51","date_gmt":"2026-07-16T16:23:51","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/297762\/"},"modified":"2026-07-16T16:23:51","modified_gmt":"2026-07-16T16:23:51","slug":"marcus-millichap-arranges-16-65-million-sale-of-multifamily-property-in-manhattan-nyrej","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/297762\/","title":{"rendered":"Marcus & Millichap arranges $16.65 million sale of multifamily property in Manhattan : NYREJ"},"content":{"rendered":"

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\n312 Bowery – Manhattan, NY <\/p>\n

Manhattan, NY Marcus & Millichap<\/a> brokered the sale of 312 Bowery, a multifamily property, for $16.65 million.<\/p>\n

\u201cBuyer demand was some of the strongest we\u2019ve seen this year due to the scarcity of truly free-market multifamily properties,\u201d said John Stewart of Marcus & Millichap<\/a> in New York City. \u201cWell-maintained properties in core locations, with no historical rent regulation or with attorney-approved deregulation documentation, will continue to attract the most engaged buyers, with bidding wars and, in some cases, sub-five-cap final pricing.\u201d<\/p>\n

Stewart and Dylan Torey of Marcus & Millichap<\/a> exclusively marketed the property on behalf of the seller, Bremen House, Inc., and procured the buyer, Allied Realty & Development Corp.<\/p>\n

The five-story, 23,000 s\/f building is on a 5,000 s\/f lot between Bleecker and Houston Sts. The property was built in 1920 and converted to multifamily in 2004. It includes 22 modernized free-market apartments. The property has 7,000 s\/f of unused development rights and a 3,900 s\/f ground-floor commercial space occupied by The Hole, an art gallery.<\/p>\n

The building is in the NoHo East historic district, surrounded by boutiques, restaurants, loft buildings and nightlife venues. It is four blocks from Bleecker St., Broadway-Lafayette St. and Second Ave. subway stations, which serve the 6, B, D, F and M lines.<\/p>\n","protected":false},"excerpt":{"rendered":" 312 Bowery – Manhattan, NY Manhattan, NY Marcus & Millichap brokered the sale of 312 Bowery, a…\n","protected":false},"author":2,"featured_media":297763,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-297762","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/297762","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=297762"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/297762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/297763"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=297762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=297762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=297762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}