Press Releases
Marcus & Millichap Brokers $7M Sale of Mixed-Use Property in North Jersey
August 10, 2026
LIVINGSTON, N.J., – Aug. 10, 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 107 E Mount Pleasant Ave., a retail center in Livingston, New Jersey. The asset sold for $7,050,000.
“High-quality mixed-use investment opportunities in affluent Essex County communities rarely come to market,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. "The combination of stable occupancy, a newly constructed car wash and an irreplaceable location in Livingston generated exceptional investor demand, resulting in multiple competitive offers."
"Investors continue to place a premium on well-located neighborhood retail and mixed-use properties in Northern New Jersey, particularly in communities with significant barriers to new development,” added Cafiero. “Assets in markets like Livingston provide long-term stability and upside potential, and we expect demand for opportunities like this to remain strong."
Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The two-story property totals 26,240 square feet on a 2.3-acre lot. It was built in 1970 and comprises 19 units, 75 parking spaces and a newly constructed car wash. The property was 92% occupied by 17 tenants: six retailers and 11 office suites. Tenants include a Kumon Institute, deli, cafe and pharmacy.
107 E. Mount Pleasant Ave. is situated along one of Livingston’s most traveled retail corridors. It sits in a residential area near other restaurants and retailers and is close to Interstate 280 and the Route 10 Circle.
“High-quality mixed-use investment opportunities in affluent Essex County communities rarely come to market,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. "The combination of stable occupancy, a newly constructed car wash and an irreplaceable location in Livingston generated exceptional investor demand, resulting in multiple competitive offers."
"Investors continue to place a premium on well-located neighborhood retail and mixed-use properties in Northern New Jersey, particularly in communities with significant barriers to new development,” added Cafiero. “Assets in markets like Livingston provide long-term stability and upside potential, and we expect demand for opportunities like this to remain strong."
Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The two-story property totals 26,240 square feet on a 2.3-acre lot. It was built in 1970 and comprises 19 units, 75 parking spaces and a newly constructed car wash. The property was 92% occupied by 17 tenants: six retailers and 11 office suites. Tenants include a Kumon Institute, deli, cafe and pharmacy.
107 E. Mount Pleasant Ave. is situated along one of Livingston’s most traveled retail corridors. It sits in a residential area near other restaurants and retailers and is close to Interstate 280 and the Route 10 Circle.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
