Marcus & Millichap announced the successful brokerage and sale of 314 E. 4th St., a fully approved downtown development site in Plainfield.
Structured contingent upon municipal approvals, the transaction cleared the path for a newly authorized five-story, 68-unit multifamily building. Jonathan Zamora, senior director of investments in Marcus & Millichap’s New Jersey office, exclusively marketed the property, drawing widespread attention from the regional development community.
Leveraging Marcus & Millichap’s extensive network, the marketing process drove multiple competitive offers before ultimately being awarded to an established developer with an active local footprint.
Spanning roughly a half-acre in the heart of downtown Plainfield, the approved project is tailored for modern transit-oriented living. Planned features and amenities include:
- Ground-Floor Commercial Space: Active street-level retail or commercial integration.
- Parking Infrastructure: Dedicated space for 51 vehicles.
- Resident Conveniences: An indoor lounge, a fitness center, and a second-floor business center.
- Outdoor Spaces: A third-floor courtyard alongside a sprawling 2,800-square-foot rooftop deck.
Positioned just blocks from the Plainfield train station, the site places future residents within convenient commuting distance of major regional job centers, including Newark and New York City.
