Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 1065 Summit Avenue in the Bronx, according to John Krueger, Regional Manager and Vice President of the firm’s Manhattan, White Plains, and New Haven offices. 1065 Summit Avenue is a 26-unit multifamily building and sold for $2,925,000.

The transaction was brokered on both sides by Peter Von Der Ahe, Seth Glasser, Michael Fusco, and Isaac Lipton of the firm’s Manhattan office. The buyer and seller were both private investors.

The asset encompasses 40,500 gross square feet. The 26-uit mix consists of one-, two-, and three-bedroom apartments. Located in the Highbridge section of the Bronx, 1065 Summit sits between West 165th and West 166th street, within walking distance of the 4, B, and D trains.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing 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 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap 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.