Press Releases
Marcus & Millichap Brokers Sale of Two Mixed-Use Properties on Washington Street in Hoboken
January 05, 2026
HOBOKEN, N.J., Jan. 5, 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 two mixed-use properties located along Washington Street, Hoboken’s primary retail corridor.
The first transaction involved the sale of 420 Washington St., a three-unit mixed-use property. Alan Cafiero, Devin Perez and Dean Matuszewicz, investment specialists in Marcus & Millichap’s New Jersey office, represented the seller and procured the buyer in the $2,850,000 transaction.
In a separate deal, Marcus & Millichap arranged the sale of 1004 Washington St., a five-unit mixed-use property. Cafiero, Perez and Matuszewicz represented the seller and buyer in the $2,951,000 transaction.
“Washington Street continues to distinguish itself as one of the most sought-after retail corridors in the state, driven by its dense residential population, strong pedestrian traffic, and limited supply of core mixed-use buildings,” said Devin Perez, associate investments. “Both properties attracted significant interest from investors seeking durable street-level retail with residential components in a high-barrier-to-entry market.”
Located four blocks from the Hoboken PATH station, 420 Washington St. consists of 3,950 square feet and includes a ground-floor retail space occupied by Delite Wine & Spirits and two residential apartments above.
1004 Washington St. is a four-story, 6,900-square-foot mixed-use building with one ground-floor retail unit and four residential apartments in uptown Hoboken.
The first transaction involved the sale of 420 Washington St., a three-unit mixed-use property. Alan Cafiero, Devin Perez and Dean Matuszewicz, investment specialists in Marcus & Millichap’s New Jersey office, represented the seller and procured the buyer in the $2,850,000 transaction.
In a separate deal, Marcus & Millichap arranged the sale of 1004 Washington St., a five-unit mixed-use property. Cafiero, Perez and Matuszewicz represented the seller and buyer in the $2,951,000 transaction.
“Washington Street continues to distinguish itself as one of the most sought-after retail corridors in the state, driven by its dense residential population, strong pedestrian traffic, and limited supply of core mixed-use buildings,” said Devin Perez, associate investments. “Both properties attracted significant interest from investors seeking durable street-level retail with residential components in a high-barrier-to-entry market.”
Located four blocks from the Hoboken PATH station, 420 Washington St. consists of 3,950 square feet and includes a ground-floor retail space occupied by Delite Wine & Spirits and two residential apartments above.
1004 Washington St. is a four-story, 6,900-square-foot mixed-use building with one ground-floor retail unit and four residential apartments in uptown Hoboken.
# # #
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.
