{"id":221184,"date":"2026-05-05T21:49:05","date_gmt":"2026-05-05T21:49:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/221184\/"},"modified":"2026-05-05T21:49:05","modified_gmt":"2026-05-05T21:49:05","slug":"new-york-investor-grabs-hudson-county-office-retail-property-for-1-1-million-marcus-says-real-estate-nj","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/221184\/","title":{"rendered":"New York investor grabs Hudson County office, retail property for $1.1 million, Marcus says \u2013 Real Estate NJ"},"content":{"rendered":"

6702 Bergenline Ave. in West New York \u2014 Courtesy: Marcus & Millichap<\/p>\n

By Joshua Burd<\/p>\n

An out-of-state buyer has scooped up a 3,900-square-foot office and retail property in West New York, paying $1.1 million in a transaction arranged by Marcus & Millichap.<\/p>\n

Christopher Gerena, an associate with the brokerage firm, represented the seller in the all-cash deal at 6702 Bergenline Ave. He noted that the asset generated interest from a range of buyers, including investors and owner-users, thanks to Bergenline Avenue\u2019s continued growth and limited inventory.<\/p>\n

\u201cThe transaction presented a unique set of challenges, with a second-floor office tenant and a ground-floor retail space delivered vacant at closing,\u201d Gerena said. \u201cThese factors typically limit buyer demand and access to financing.\u201d<\/p>\n

He added that the buyer, New York-based investor, paid what equates to $290 per square foot.<\/p>\n

\u201cVacancy at closing significantly narrows the buyer pool, particularly due to financing constraints,\u201d Gerena said. \u201cOur strategy focused on creating competition and targeting buyers who recognized the long-term value of Bergenline Avenue.\u201d<\/p>\n

Built in 1920, the structure sits on a half-acre lot and serves a dense, mixed-use neighborhood in West New York, according to a news release. A massage therapy school occupies the office space.<\/p>\n


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