{"id":298084,"date":"2026-07-16T21:16:51","date_gmt":"2026-07-16T21:16:51","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/298084\/"},"modified":"2026-07-16T21:16:51","modified_gmt":"2026-07-16T21:16:51","slug":"marcus-millichap-arranges-16-65m-sale-of-multifamily-property-in-manhattan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/298084\/","title":{"rendered":"Marcus &#038; Millichap Arranges $16.65M Sale of Multifamily Property in Manhattan"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/Untitled-April-05-2026-at-15.21.04-33.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\/07\/Untitled-April-05-2026-at-15.21.04-33.jpeg\" alt=\"312 Bowery\" title=\"312 Bowery\"\/><\/a><\/p>\n<p><a href=\"https:\/\/www.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\/312-bowery-new_york\" target=\"_blank\" rel=\"noopener nofollow\">312 Bowery<\/a>, a multifamily property in Manhattan\u2019s NoHo neighborhood, for $16.65 million.<\/p>\n<p>\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 &amp; Millichap 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<p>Stewart and Dylan Torey of Marcus &amp; Millichap exclusively marketed the property on behalf of the seller, Bremen House, Inc., and procured the buyer, Allied Realty &amp; Development Corp.<\/p>\n<p>The five-story, 23,000-square-foot building sits on a 5,000-square-foot lot between Bleecker and Houston Streets. The property was built in 1920 and converted to multifamily in 2004. It includes 22 modernized free-market apartments. The property has approximately 7,000 square feet of unused development rights and a 3,900-square-foot ground-floor commercial space occupied by The Hole, an art gallery.<\/p>\n<p>The building is in the NoHo East historic district, surrounded by boutiques, restaurants, loft buildings and nightlife venues. It is four blocks from Bleecker Street, Broadway-Lafayette Street and Second Avenue subway stations, which serve the 6, B, D, F and M lines.<\/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":298085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,8392,84,83,2005,2006,17024,2008,9,24,63,20787,2010,73995,2011],"class_list":["post-298084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-new-york","tag-manhattan-headlines","tag-manhattan-news","tag-marcus-millichap","tag-mid-rise","tag-mixed-use","tag-multifamily","tag-new-york","tag-new-york-city","tag-nyc","tag-retail-space","tag-transit-oriented","tag-value-add","tag-vintage-building"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/298084","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=298084"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/298084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/298085"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=298084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=298084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=298084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}