Marcus & Millichap Inc.
05/05/2026 | Press release | Archived content
Marcus & Millichap Arranges Sale of Mixed-Use Property in West New York, New Jersey
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Marcus & Millichap Arranges Sale of Mixed-Use Property in West New York, New Jersey
May 05, 2026
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WEST NEW YORK, N.J, May 5, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 6702 Bergenline Ave., a two-tenant commercial property in West New York, New Jersey. The asset sold for $1.1 million, or $290 per square foot.
"The transaction presented a unique set of challenges, with a second-floor office tenant and a ground-floor retail space delivered vacant at closing," said Christopher Gerena, associate investments in Marcus & Millichap's New Jersey office. "These factors typically limit buyer demand and access to financing."
Gerena represented the seller, and generated interest from a range of buyers, including investors and owner-users. The property ultimately sold to a New York-based, out-of-state all-cash investor, with Gerena noting the buyer was drawn to Bergenline Avenue's continued growth and limited inventory.
"Vacancy at closing significantly narrows the buyer pool, particularly due to financing constraints," Gerena added. "Our strategy focused on creating competition and targeting buyers who recognized the long-term value of Bergenline Avenue."
The approximately 3,900-square-foot property sits on a 0.05-acre lot. Built in 1920, the building is well maintained and serves a dense, mixed-use neighborhood in West New York. The office is occupied by a massage therapy school.
"The transaction presented a unique set of challenges, with a second-floor office tenant and a ground-floor retail space delivered vacant at closing," said Christopher Gerena, associate investments in Marcus & Millichap's New Jersey office. "These factors typically limit buyer demand and access to financing."
Gerena represented the seller, and generated interest from a range of buyers, including investors and owner-users. The property ultimately sold to a New York-based, out-of-state all-cash investor, with Gerena noting the buyer was drawn to Bergenline Avenue's continued growth and limited inventory.
"Vacancy at closing significantly narrows the buyer pool, particularly due to financing constraints," Gerena added. "Our strategy focused on creating competition and targeting buyers who recognized the long-term value of Bergenline Avenue."
The approximately 3,900-square-foot property sits on a 0.05-acre lot. Built in 1920, the building is well maintained and serves a dense, mixed-use neighborhood in West New York. The office is occupied by a massage therapy school.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on May 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 17:51 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]