Marcus & Millichap Sells Multifamily Redevelopment At 106 Willow Avenue Hoboken For $2.175M

A multifamily redevelopment building located at 106 Willow Avenue in Hoboken has been sold for $2,175,000. The property encompasses a total of 6,400 square feet and comprises eight units, resulting in a price per unit of $271,875 and a price per square foot of $340. This four-story asset is situated near Washington Street and offers access to the PATH station for convenient Manhattan commuting.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,175,000
• Units: 8
• Square Footage: 6,400
• Price per Unit: $271,875
• Price per Square Foot: $340

The transaction was facilitated by brokers Devin Perez, Alan Cafiero, and Dean Matuszewicz from Marcus & Millichap, who successfully marketed the vacant property on behalf of the seller and secured an all-cash private buyer within two weeks. The deal demonstrates sustained investor interest in transit-oriented redevelopment opportunities in Hoboken.