Marcus & Millichap has announced the successful $3,499,000 sale of a prominent mixed-use commercial property located at 158-162 E. Ridgewood Ave. in downtown Ridgewood.
The two-story building spans 7,350 square feet and sits on a 0.22-acre lot. Originally constructed in 1996 and later renovated in 2001, the fully occupied asset features seven individual suites housing a diverse mix of local medical, wellness, and service-oriented tenants.
Alan Cafiero, executive managing director of investments in Marcus & Millichap’s New Jersey office, highlighted the enduring appeal of the local market.
“There continues to be strong buyer demand for well-located mixed-use properties throughout Bergen County,” Cafiero said. “Downtown Ridgewood’s strong demographics, walkability and vibrant mix of retail, dining and services made this an especially attractive investment opportunity.”
Cafiero, alongside colleagues David Cafiero and John Moroz, exclusively represented the seller in the transaction and also successfully procured the buyer.
Positioned in one of Bergen County’s most affluent suburban hubs, the property benefits from proximity to major national and local neighbors, including Starbucks, Whole Foods, and the local Post Office. Additionally, the transit-friendly location offers high walkability to the Ridgewood Train Station, providing convenient access just 15 miles outside of New York City.
