A 6-unit apartment property in Turtle Bay was sold for $5 million. Located at 975 2nd Ave, the property falls under the Tax Class 2A designation, which limits tax increases.
The sale was facilitated by Marcus & Millichap’s investment specialists Joe Koicim, Peter Dodge, and Zan Colin, who represented both the seller and the buyer.
“As with any disruption in the market whether it be a rise in rates, or the COVID-19 crisis, we’ve recently seen an influx of new purchasers and capital that see the opportunity with imminent and compelling circumstances to purchase these types of assets,” said Dodge.
Turtle Bay Apartments Sold for $5M
Turtle Bay Apartments Sold for $5M
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A 6-unit apartment property in Turtle Bay was sold for $5 million. Located at 975 2nd Ave, the property falls under the Tax Class 2A designation, which limits tax increases.
The sale was facilitated by Marcus & Millichap’s investment specialists Joe Koicim, Peter Dodge, and Zan Colin, who represented both the seller and the buyer.
“As with any disruption in the market whether it be a rise in rates, or the COVID-19 crisis, we’ve recently seen an influx of new purchasers and capital that see the opportunity with imminent and compelling circumstances to purchase these types of assets,” said Dodge.
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