Press Releases
Marcus & Millichap Arranges Sale of Grove Street Mixed-Use Property in Jersey City
January 15, 2026
JERSEY CITY, N.J., Jan. 15, 2026 – 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 a 16,050-square-foot mixed-use property in Jersey City, New Jersey, for $6,250,000.
“Investor interest in Jersey City remains strong, despite ongoing market challenges,” said Devin Perez, associate director investments. “Multiple competitive offers reflect continued demand for well-located, mixed-use assets in transit-oriented downtown markets.”
Perez, Alan Cafiero and Dean Matuszewicz, investment specialists in Marcus & Millichap’s New Jersey office, represented the seller and procured the buyer.
The four-story brick property, located at 358–362 Grove St., consists of 22 units, including 19 residential apartments and three ground-floor retail spaces. Retail tenants include Chicken & Co. and Jibeichuan Ramen. Situated two blocks from the Grove Street PATH station, the property offers direct access to Manhattan and benefits from its location within Jersey City’s established downtown commercial corridor.
“Investor interest in Jersey City remains strong, despite ongoing market challenges,” said Devin Perez, associate director investments. “Multiple competitive offers reflect continued demand for well-located, mixed-use assets in transit-oriented downtown markets.”
Perez, Alan Cafiero and Dean Matuszewicz, investment specialists in Marcus & Millichap’s New Jersey office, represented the seller and procured the buyer.
The four-story brick property, located at 358–362 Grove St., consists of 22 units, including 19 residential apartments and three ground-floor retail spaces. Retail tenants include Chicken & Co. and Jibeichuan Ramen. Situated two blocks from the Grove Street PATH station, the property offers direct access to Manhattan and benefits from its location within Jersey City’s established downtown commercial corridor.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
