Marcus & Millichap closed the sale of 719 Willow Ave., a multifamily property in Hoboken, NJ, for $4,580,000. The property is six blocks from Hoboken’s Washington Street retail corridor and less than a mile from Hoboken Terminal. It includes approximately 10,300 rentable square feet across nine residential units and one ground-floor commercial space.

“The seller engaged us with the goal of divesting the asset after challenges with city-related matters. Leveraging our deep market expertise and investor network, we positioned the property to reach the right qualified buyers,” said Jonathan Zamora, first VP investments in Marcus & Millichap’s New Jersey office.

He continued, “Our targeted marketing approach generated strong interest, ultimately creating a bidding war between three buyers. This maximized value for the seller and ensured a smooth closing with a noncontingent hard contract, a 45-day timeline, and the deposit released at contract signing.”

Distress Is Reshaping the Texas Multifamily Market—Are You Ready? – Don’t miss the special Distressed Assets presentation at Connect Texas Multifamily that will dive into how distress is impacting valuations, deal flow, and strategy across Texas. Learn what’s driving the shift—and how to turn disruption into opportunity. Get real-time insights from Transwestern, CWCapital, Torchlight Investors, and more.  www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28^th | VENUE: The Joule, Dallas