Marcus & Millichap Sells Two Mixed-Use Buildings In Hoboken For $5.8 Million

Two mixed-use buildings in Hoboken, located at 420 and 1004 Washington Street, have been sold for a combined total price of $5,800,000. The property at 420 Washington Street comprises 3,950 square feet and consists of 3 units, while the building at 1004 Washington Street has a size of 6,900 square feet and features 5 units. Both properties provide ground-floor retail spaces complemented by residential apartments above.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,800,000
• Square Footage: 10,850
• Price Per Square Foot: $535
• Address: 420 & 1004 Washington Street
• Market: Hoboken
• Brokers: Alan Cafiero, Devin Perez & Dean Matuszewicz - Marcus & Millichap

The transaction involved the brokerage services of Alan Cafiero, Devin Perez, and Dean Matuszewicz, all representing Marcus & Millichap. The properties have attracted investors due to their advantageous locations, benefiting from the dense residential population in Hoboken, significant foot traffic, and the limited availability of core mixed-use buildings in the area.