Investment Overview

Marcus & Millichap is pleased to offer for sale the multi-family property located at 719 Willow Avenue in Hoboken, New Jersey. The property lies on a 32x100 lot with 9 Residential apartments and 2 commercial components. Apartments consists of eight 2 bedroom apartments and 1 one bedroom apartment all updated with luxury finishes. This building presents a rare opportunity to acquire a value-add investment in one of the most affluent and supply-constrained rental markets in the New York metropolitan area. The property has a laundromat business that was recently received light renovations with 60 machines that can be included in the sale or leased out to prospective tenant that is interested in a long term lease at $40 per sqft. Hoboken's population is highly educated and affluent, and the city’s walkability, along with its excellent transit connectivity, continues to attract young professionals and commuters seeking more affordable alternatives to higher-priced Manhattan submarkets. Located just six blocks from Hoboken’s Washington Street retail corridor and less than a mile from the Hoboken Terminal, the property offers residents seamless access to public transportation, including the PATH, NJ Transit, and NY Waterway Ferry. Its uptown location is within walking distance of parks, schools, restaurants, and cultural amenities. The asset also benefits from its proximity to key institutions such as Stevens Institute of Technology, Hoboken University Medical Center, and the growing startup and innovation ecosystem along the Gold Coast. Hoboken’s tightly regulated zoning laws and the limited availability of development land contribute to the long-term scarcity and investment stability of existing multifamily properties.