A mixed-use property in Hoboken featuring nine residential units and a ground-floor laundromat has sold for $4.58 million after attracting multiple offers.<\/p>\n
Marcus & Millichap<\/a>, a commercial real estate brokerage firm, reported the sale of 719 Willow Ave. to a private investor last month.<\/p>\n The property includes approximately 10,300 square feet of rentable space.<\/p>\n Jonathan Zamora, first vice president investments at Marcus & Millichap\u2019s New Jersey office, said the firm\u2019s marketing approach generated significant interest.<\/p>\n \u201cThe seller engaged us with the goal of divesting the asset after challenges with city-related matters,\u201d Zamora said. \u201cOur targeted marketing approach generated strong interest, ultimately creating a bidding war between three buyers.\u201d<\/p>\n Located six blocks from Hoboken\u2019s Washington Street retail corridor and less than a mile from Hoboken Terminal, the property offers access to trains and the ferry. <\/p>\n The building includes a newly renovated ground-floor laundromat with 60 machines.<\/p>\n Generative AI was used to produce an initial draft of this story, which was reviewed and edited by NJ Advance Media staff.<\/p>\n If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement<\/a> and agree that your clicks, interactions, and personal information may be collected, recorded, and\/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A mixed-use property in Hoboken featuring nine residential units and a ground-floor laundromat has sold for $4.58 million…\n","protected":false},"author":3,"featured_media":210815,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,405,403,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":{"0":"post-210814","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-new-york","10":"tag-new-york-city","11":"tag-newyork","12":"tag-newyorkcity","13":"tag-ny","14":"tag-nyc","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115170037283032006","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/210814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=210814"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/210814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/210815"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=210814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=210814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=210814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}