Search
 

MXD Building in Jersey City Nets $1M

JERSEY CITY-Marcus & Millichap Real Estate Investment Services arranged the sale of a mixed-used building along Central Avenue for $1.2 million.

By Maria Wood | Updated on September 03, 2009

JERSEY CITY-Marcus & Millichap Real Estate Investment Services arranged the sale of a mixed-used building–393 Central Ave.–for $1.2 million. Built in 1915, the property consists of 14 one-bedroom apartments and 4,000 square feet of ground-floor retail space.

Marcus & Millichap VP of investments, Greg Babaian, and investment specialist Spencer Weinberg, handled the listing exclusively for the seller, a long-time local owner. The buyers were two partners from the Midwest and New England.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.