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Marcus & Millichap completes sale in Bayonne

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563-567 Broadway, Bayonne.
563-567 Broadway, Bayonne. - ()

Commercial real estate firm Marcus & Millichap recently announced it brokered the sale of a 5,600-square-foot retail property in Bayonne for $1.075 million.

Fahri Ozturk and Tyler Van Wagoner represented the buyer, a private investor, and held exclusive listing of the property at 563-567 Broadway, the firm said.

"Broadway has seen a flurry of activity from outside capital seeking investments in a thriving market,” Ozturk said in a news release. “The subject property is positioned to benefit from the abundance of new development and projects coming to Bayonne, specifically along Broadway."

Marcus & Millichap said the property is located a walk from the 22nd Street Light Rail Station.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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