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Marcus & Millichap completes $2M sale of Ridgewood property

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166 Franklin Ave., Ridgewood.
166 Franklin Ave., Ridgewood. - ()

Marcus & Millichap has closed the $2 million sale of a 6,000-square-foot office property in Ridgewood.

Marcus and Millichap’s David Thurston marketed the property on behalf of the seller and secured and represented the buyer.

“The demand by users/investors has increased in this market,” Thurston said. “Many small to medium size users have decided that control of their space is as important as the tax benefits from ownership of their own building.”

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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