{"id":72496,"date":"2025-12-16T19:01:08","date_gmt":"2025-12-16T19:01:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/72496\/"},"modified":"2025-12-16T19:01:08","modified_gmt":"2025-12-16T19:01:08","slug":"marcus-millichap-brokers-8-8m-sale-of-east-village-apartments-on-fourth-street-in-manhattans-east-village","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/72496\/","title":{"rendered":"Marcus & Millichap Brokers $8.8M Sale of East Village Apartments on Fourth Street in Manhattan’s East Village"},"content":{"rendered":"

\"207<\/a>The asset sold for $8,800,000.<\/p>\n

Marcus & Millichap<\/a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 207 E. Fourth Street<\/a>, a 17-unit mixed-use multifamily property in Manhattan\u2019s East Village.<\/p>\n

\u201cThis transaction underscores the sustained demand for fully free-market, mixed-use properties in the East Village,\u201d said Matt Berger of the NYM Group of Marcus & Millichap in Manhattan. \u201cAssets with strong in-place cash flow and long-term upside continue to attract capital in today\u2019s market, and we were pleased to help both parties reach a successful closing.\u201d<\/p>\n

Berger and Joe Koicim represented the seller and procured the buyer, a local private investor.<\/p>\n

Built in 1900 as a five-story prewar asset, 207 E. Fourth Street spans approximately 7,166 square feet on a 25-foot by 96.17-foot lot and is zoned R7B. The building includes 15 residential units and two ground-floor commercial units, with all residential apartments operating at 100% free-market status. The unit mix features nine studios, four one-bedroom units and two two-bedroom units, offering a diversified rent roll in one of New York City\u2019s most established renter submarkets.<\/p>\n

Residential interiors have been recently upgraded with high-end finishes, including hardwood floors, in-unit laundry, renovated kitchens with stainless steel appliances, dishwashers, marble bathrooms and abundant natural light throughout the apartments. The property is located near Tompkins Square Park and within walking distance of the F, M, Z and J subway lines, providing convenient access to the broader Manhattan market.<\/p>\n

Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 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

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