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Wednesday, March 11, 2026

Marcus & Millichap sets 2025 price record with $2.2M West New York multifamily sale

Marcus & Millichap recently announced the sale of a six-unit multifamily property at 30 63rd St. in West New York for $2,210,000. The transaction, closed in late December 2025, achieved a benchmark price of approximately $368,000 per unit, the highest recorded for a West New York multifamily asset in 2025.

The deal was spearheaded by Devin Perez, Alan Cafiero and Brent Hyldahl of Marcus & Millichap’s New Jersey office, who represented the private seller and secured the buyer for the renovated asset.

The three-story building in Hudson County consists entirely of two-bedroom, one-bathroom apartments. Its location—just one block from Boulevard East and three miles from the Lincoln Tunnel—makes it a prime target for renters seeking direct access to Manhattan.

“Multifamily properties in West New York remain highly attractive to the investment community,” Perez said. “Securing a buyer at this price point underscores the strength of the Hudson County market, even as we move into the final days of the year.”

The property’s record-breaking valuation was supported by significant recent renovations. Key upgrades included:

  • Infrastructure: Complete overhauls of plumbing, electrical, and HVAC systems.

  • Exterior: Installation of a brand-new roof.

  • Interiors: Modernized layouts for all six residential units.

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