Press Releases
Marcus & Millichap Sells North Bergen Mixed-Use Property
February 20, 2024
NORTH BERGEN, N.J., Feb. 20, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 8,100-square-foot mixed-use building in North Bergen, New Jersey for $2 million.
"We continue to see high investor demand for mixed-use properties throughout Hudson County. Leveraging the Marcus & Millichap and Ten-X platforms, we created a competitive bidding environment that procured a local buyer who closed quickly,” said Devin Perez, associate.
Perez, Alan Cafiero, and Brent Hyldahl, investment specialists at Marcus & Millichap’s New Jersey office, exclusively listed the property on behalf of the seller, a local LLC. Jonathan Zamora and Eve Parker, also investment specialists at the New Jersey office, secured the buyer.
“We are starting to see more of these buyers dropping contingencies and closing quickly on our deals. This is our third deal this year closing in Hudson County with a hard deposit at contract signing,” added Jonathan Zamora.
Located at 8201 Bergenline Ave, with a daily traffic count of 10,400 vehicles per day, this mixed-use building comprises six fully occupied units: four residential apartments and two ground-floor retail units. The property is situated six miles from the George Washington Bridge and seven miles from the Lincoln Tunnel. It overlooks the 167-acre lakefront North Hudson County Park, offering views of New York City.
"We continue to see high investor demand for mixed-use properties throughout Hudson County. Leveraging the Marcus & Millichap and Ten-X platforms, we created a competitive bidding environment that procured a local buyer who closed quickly,” said Devin Perez, associate.
Perez, Alan Cafiero, and Brent Hyldahl, investment specialists at Marcus & Millichap’s New Jersey office, exclusively listed the property on behalf of the seller, a local LLC. Jonathan Zamora and Eve Parker, also investment specialists at the New Jersey office, secured the buyer.
“We are starting to see more of these buyers dropping contingencies and closing quickly on our deals. This is our third deal this year closing in Hudson County with a hard deposit at contract signing,” added Jonathan Zamora.
Located at 8201 Bergenline Ave, with a daily traffic count of 10,400 vehicles per day, this mixed-use building comprises six fully occupied units: four residential apartments and two ground-floor retail units. The property is situated six miles from the George Washington Bridge and seven miles from the Lincoln Tunnel. It overlooks the 167-acre lakefront North Hudson County Park, offering views of New York City.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
