Marcus & Millichap’s IPA Capital Markets Arranges $75 Million Financing for Midtown Manhattan Office-to-Residential Conversion Project
Marcus & Millichap, Inc. (MMI)
Last marcus & millichap, inc. earnings: 2/20 04:04 pm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, has secured $75 million in acquisition financing for the former Pfizer headquarters in New York City. Located at 219 E 42nd St., the property will be combined with the adjacent building at 235 E 42nd St. and converted into a free-market, Class-A, luxury multifamily apartment building.“When these two buildings are combined, it will add more than 800 units to the project totaling to over 1,400 units, making it the largest office-to-residential conversion in New York City’s history,” said Max Herzog, IPA Capital Markets.The New York-based IPA Capital Markets team of Herzog, Marko Kazanjian, Andrew Cohen and Max Hulsh secured the financing with Northwind Group on behalf of David Werner Real Estate Investments and Metro Loft Management.Herzog added: “The shortage of free-market multifamily units in Manhattan,
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News
- Marcus & Millichap's IPA Capital Markets Arranges $75 Million Financing for Midtown Manhattan Office-to-Residential Conversion Project [Yahoo! Finance]Yahoo! Finance
- Marcus & Millichap Brokers Record-Breaking Manufactured Housing Asset Sale in Malibu [Yahoo! Finance]Yahoo! Finance
- Marcus & Millichap Brokers Record-Breaking Manufactured Housing Asset Sale in MalibuBusiness Wire
- Marcus & Millichap's Institutional Property Advisors Closes $187.5 Million Multifamily Asset Sale in Phoenix [Yahoo! Finance]Yahoo! Finance
- Marcus & Millichap’s Institutional Property Advisors Closes $187.5 Million Multifamily Asset Sale in PhoenixBusiness Wire
MMI
Sec Filings
- 9/19/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- MMI's page on the SEC website