Marcus & Millichap Inc.
09/25/2026 | Press release | Archived content
Marcus & Millichap Arranges $3.5M Sale of Mixed-Use Property in Ridgewood, New Jersey
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Marcus & Millichap Arranges $3.5M Sale of Mixed-Use Property in Ridgewood, New Jersey
September 25, 2026
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RIDGEWOOD, N.J., Sept. 25, 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 158-162 E. Ridgewood Ave., a mixed-use property in Ridgewood, New Jersey. The asset sold for $3,499,000.
"There continues to be strong buyer demand for well-located mixed-use properties throughout Bergen County," said Alan Cafiero, executive managing director investments in Marcus & Millichap's New Jersey office. "Downtown Ridgewood's strong demographics, walkability and vibrant mix of retail, dining and services made this an especially attractive investment opportunity."
Cafiero, David Cafiero and John Moroz of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The property is a two-story, 7,350-square-foot building on a 0.22-acre lot. It was built in 1996 and was renovated in 2001. The property has seven suites and is fully occupied by a mix of local medical, wellness and service-oriented tenants.
Ridgewood is one of Bergen County's most affluent and walkable suburban markets. The property is surrounded by retailers, restaurants, offices and residential communities. Neighboring tenants include Starbucks, Whole Foods and a Post Office. It is within walking distance of the Ridgewood Train Station and 15 miles from New York City.
"There continues to be strong buyer demand for well-located mixed-use properties throughout Bergen County," said Alan Cafiero, executive managing director investments in Marcus & Millichap's New Jersey office. "Downtown Ridgewood's strong demographics, walkability and vibrant mix of retail, dining and services made this an especially attractive investment opportunity."
Cafiero, David Cafiero and John Moroz of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The property is a two-story, 7,350-square-foot building on a 0.22-acre lot. It was built in 1996 and was renovated in 2001. The property has seven suites and is fully occupied by a mix of local medical, wellness and service-oriented tenants.
Ridgewood is one of Bergen County's most affluent and walkable suburban markets. The property is surrounded by retailers, restaurants, offices and residential communities. Neighboring tenants include Starbucks, Whole Foods and a Post Office. It is within walking distance of the Ridgewood Train Station and 15 miles from New York City.
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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 www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 25, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 28, 2026 at 21:34 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]