Marcus & Millichap Facilitates $5.65 Million Sale of Brooklyn Mixed-Use Buildings

NEW YORK, Dec. 12, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two mixed-use buildings totaling 8,800 square feet in Brooklyn, New York, for $5,650,000.

"These well-located buildings attracted plenty of attention from the market but were not what most buyers expected," Matt Fotis said. "We knew exactly how to anticipate the market's feedback and interpret it for the owners, helping them position the properties and achieve a sales price within 5% of our asking price."

Fotis exclusively marketed the property on behalf of the seller and procured the buyer, both local private investors.

Built in 1920, the properties are located at 431-433 Court St., in the Carroll Gardens neighborhood of Brooklyn. They include six two-bedroom apartments and a ground-floor retail unit occupied by Citizens Bank.

# # #

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & 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. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.