A private investor has sold a retail property in Monmouth County for nearly $5 million, brokers with Marcus & Millichap announced Thursday.
Marcus: Investors testing new markets amid competition for northern N.J. multifamily deals
Investor appetite for northern New Jersey’s multifamily sector showed few signs of slowing down in 2018, causing buyers to explore new frontiers in the market, move more aggressively and expand into other asset classes. That’s according to brokers with Marcus & Millichap, who say that out-of-market buyers from New York City and elsewhere have begun to pivot in recent months in order to find new deals.