NEW YORK CITY-As investor appetite for 1031 exchanges gears up,Newmark Grubb Knight Frank Capital Group has beentapped to market a portfolio of 11 Citibank retail branch locationsin the New York metropolitan area on anexclusive basis, theNew York Post reported. NGKF’scapital group team of Kenneth L. Zakin,Randall E. Liberman and HymieDweck is handling the sales of the triple-net-leasedproperties, which Zakin says is already “attracting a great deal ofinterest.”

“The portfolio represents a unique opportunity for an investorto acquire individual Citibank retail bank branches in strongneighborhood locations within the New York metro area, or toacquire a portfolio of 11 locations with very little occupancy andoperating risk,” he adds, in a statement.

The portfolio includes two locations in the Bronx (241-85Creston Ave. and 1261 Castle Hill Ave.); three in Brooklyn (80Jamaica Ave., 1501 Kings Highway and 1455 Myrtle Ave.); three inQueens (121-11 Liberty Ave.; 80-19 Roosevelt Ave.; and 217-02Jamaica Ave.); two in Nassau County (199 Second St. in Mineola and4881 Merrick Rd. in Massapequa); and one in Westchester County (711Boston Post Rd. in Mamaroneck).