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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.

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