Marcus & Millichap Sells Mixed-Use Property In Hoboken For $6.1M

The mixed-use property at 202-204 Hudson Street in Hoboken, New Jersey was sold for $6.1 million. The property spans 11,120 square feet and features 13 residential apartments, on-site laundry facilities, and ground-floor retail units occupied by Jersey Mike’s and J & J Body Works, strategically situated near Washington Street and the Hoboken PATH station providing easy access to Manhattan.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $6,100,000
• Market: Hoboken
• Square Footage: 11,120
• Address: 202-204 Hudson Street

Devin Perez, Brent Hyldahl, and Alan Cafiero of Marcus & Millichap were involved in the sale of the property. Devin Perez highlighted the enduring appeal of Hoboken to investors, emphasizing the location's attractiveness, the presence of national retailers, and strong apartment rental demand which have helped maintain property values despite market challenges.