312 Washington St. in Hoboken — Courtesy: Marcus & Millichap
By Joshua Burd
A private investor has purchased a nearly 3,600-square-foot residential and retail building in Hoboken for $3.47 million, in a newly announced deal by Marcus & Millichap
According to the listing team, the four-story property at 312 Washington St. consists of one street-level storefront and two apartments above. All three units were vacant at the time of the trade, the brokers said, noting that the 3,550-square-foot building is on the city’s main retail corridor and within walking distance of Hoboken Terminal.
Marcus & Millichap’s Devin Perez, Alan Cafiero and Brent Hyldahl represented the private seller in the transaction.
“This marks our third successful closing on Washington Street in the past 60 days,” said Perez, an associate director for investments. “Investor demand remains strong for well-positioned mixed-use properties along this premier retail corridor, supported by Hoboken’s underlying fundamentals and long-term retail outlook.”
