Led by Peter Von Der Ahe and Joseph Koicim, Marcus & Millichap’s New York Multifamily team amassed a total of more than $570 million in investment sales during 2020—a challenging year for any market, but especially so in New York.
In December of 2020, Koicim and Von Der Ahe sold 1 Christopher, a Greenwich Village mixed-use property, for $95 million, or $927 per square foot. Through its network, the team sourced a European family office and completed the all-cash deal in nine days.
Built by the seller’s grandfather in 1931 and held in the family for almost 100 years, the building was purchased by a European family who recognized the inherent value of long-term New York City multifamily ownership, Koicim said.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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