Marcus & Millichap Inc.
01/20/2026 | Press release | Distributed by Public on 01/20/2026 16:51
Marcus & Millichap Brokers $4.1M Sale of 21-Unit Apartment Building in Jersey City
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Marcus & Millichap Brokers $4.1M Sale of 21-Unit Apartment Building in Jersey City
January 20, 2026
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JERSEY CITY, N.J., Jan. 20, 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 a 21-unit, walk-up apartment building in Jersey City, New Jersey, for $4.1 million. The asset traded after more than three decades of legacy family ownership
"The transaction represented a complex, value-add multifamily opportunity that required careful execution amid a challenging capital markets environment," said Jonathan Zamora, senior director investments in Marcus & Millichap's New Jersey office. "Despite these conditions, the property attracted strong interest due to its ability to deliver vacant units, identifiable rental upside and long-term repositioning potential. Investor demand was further supported by continued redevelopment activity throughout the Heights neighborhood and the broader Journal Square corridor."
Zamora exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The property is located at 3405 John F. Kennedy Blvd. in Jersey City's Heights neighborhood. The building features a unit mix of 17 one-bedroom/one-bath units and four two-bedroom/one-bath units.
"After the property was previously marketed by other brokerages without a sale, we were able to generate strong investor interest and close the transaction," Zamora added.
"The transaction represented a complex, value-add multifamily opportunity that required careful execution amid a challenging capital markets environment," said Jonathan Zamora, senior director investments in Marcus & Millichap's New Jersey office. "Despite these conditions, the property attracted strong interest due to its ability to deliver vacant units, identifiable rental upside and long-term repositioning potential. Investor demand was further supported by continued redevelopment activity throughout the Heights neighborhood and the broader Journal Square corridor."
Zamora exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The property is located at 3405 John F. Kennedy Blvd. in Jersey City's Heights neighborhood. The building features a unit mix of 17 one-bedroom/one-bath units and four two-bedroom/one-bath units.
"After the property was previously marketed by other brokerages without a sale, we were able to generate strong investor interest and close the transaction," Zamora added.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on January 20, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 20, 2026 at 22:51 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]