Marcus & Millichap Brokers $16.15 Million Sale of High-Rise Office Building in Midtown Manhattan

NEW YORK, Dec. 17, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $16,150,000 sale of 254-258 West 35th Street, a 16-story traditional office building in Midtown Manhattan. The building previously operated as a traditional garment manufacturing facility.

"We were very pleased to successfully close this midtown Manhattan transaction," says Eric Anton. "Over the past two months, both buyer and seller collaborated closely to complete due diligence and ensure a smooth closing process."

Anton and John Stewart, investment specialists in Marcus & Millichap's Manhattan office, exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.

Built in 1924, the 106,642-square-foot property had been owned by the same group for several decades. Situated in Midtown West, it is steps from Moynihan Train Hall and major subway lines, benefiting from exceptional connectivity and the neighborhood's continued transformation into a hub for tech and media tenants.

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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.