A medical office building in Livingston, NJ, has been sold for $13.5 million. Brian Kaplan, David Cafiero, and Dean Matuszewicz of Marcus & Millichap exclusively listed the property for a local New Jersey partnership.  

The buyer, a New York-based LLC, was procured by Alan Cafiero and Joe Koicim from the firm’s New York office. Located at 315 E. Northfield Road, the three-floor, 34,599-square-foot building hosts various medical practices and offices.  

“Medical office buildings are highly sought after due to the resilience of their tenants,” said Alan Cafiero, senior managing director of investments. “Proximity to hospital campuses increases their market interest. This property is just half a mile from Cooperman Barnabas Medical Center.”