ROCHESTER, NY, May 29, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Huntington Park Apartments, a 75-unit apartment property located in Rochester, NY, according to Brenton James Baskin, regional manager of the firm’s Philadelphia office. The asset sold for $1,995,000.
Andrew Townsend, Clarke Talone and Ridge MacLaren, investment specialists in Marcus & Millichap’s Philadelphia office, along with Robert Sheppard, Armand Tiberio and Spencer Hurst, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Andrew Townsend, Clarke Talone, Ridge MacLaren, Armand Tiberio, Robert Sheppard and Spencer Hurst. J.D. Parker, Broker, assisted in closing this transaction.
Huntington Park Apartments is located at 1104 St. Paul Street in Rochester, NY. Built in 1975 and renovated in 1996, the Property is comprised of 30 one-bedroom units and 45 two-bedroom units, for a total of 75 units.
About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.
To learn more, please visit: www.MarcusMillichap.com