Marcus & Millichap Inc.
09/25/2025 | Press release | Distributed by Public on 09/26/2025 13:22
Marcus & Millichap Facilitates Sale of Multifamily Property on the Lower East Side of Manhattan
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Marcus & Millichap Facilitates Sale of Multifamily Property on the Lower East Side of Manhattan
September 25, 2025
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NEW YORK, Sept. 25, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $7,250,000 sale of a 17-unit multifamily building at 269-271 East Houston St. in Manhattan.
"The sale of 269-271 East Houston St. underscores the long-term robustness of the New York City real estate market and demonstrates the obstacles investors are willing to overcome to be here," said Joe Koicim of the NYM Group of Marcus & Millichap in Manhattan. "With its combination of free-market apartments, long-term tenancy and prime corner retail frontage, the property offers both stability and significant upside in one of Manhattan's most dynamic neighborhoods."
Koicim and Marcus & Millichap's Logan Markley and Matt Berger represented the seller and procured the buyer, a private investor.
Built in 1920, the six-story property totals 12,200 square feet and has 12 free-market apartments, two rent-stabilized apartments, one rent-controlled apartment and a ground-floor retail space. The building has 94 feet of wraparound frontage at the corner of East Houston and Suffolk streets. The retail tenant is The Mayfly.
The property is in a dense residential and commercial corridor on Manhattan's Lower East Side with access to the F, M, J and Z subway lines. Katz's Delicatessen, Essex Crossing, the New Museum and the Orchard Street Shopping District are all nearby.
"The sale of 269-271 East Houston St. underscores the long-term robustness of the New York City real estate market and demonstrates the obstacles investors are willing to overcome to be here," said Joe Koicim of the NYM Group of Marcus & Millichap in Manhattan. "With its combination of free-market apartments, long-term tenancy and prime corner retail frontage, the property offers both stability and significant upside in one of Manhattan's most dynamic neighborhoods."
Koicim and Marcus & Millichap's Logan Markley and Matt Berger represented the seller and procured the buyer, a private investor.
Built in 1920, the six-story property totals 12,200 square feet and has 12 free-market apartments, two rent-stabilized apartments, one rent-controlled apartment and a ground-floor retail space. The building has 94 feet of wraparound frontage at the corner of East Houston and Suffolk streets. The retail tenant is The Mayfly.
The property is in a dense residential and commercial corridor on Manhattan's Lower East Side with access to the F, M, J and Z subway lines. Katz's Delicatessen, Essex Crossing, the New Museum and the Orchard Street Shopping District are all nearby.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 25, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 26, 2025 at 19:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]