Michael Cervelli Real Estate announces the sale of 156 Grant Ave in Jersey City.
The property traded for $98,611 per unit. The buyer, a local investor, was able to secure a 75% LTD ratio which signals continued strength and competitiveness of the Jersey City investment market.
Founded in 1983, Michael Cervelli Real Estate, headquartered in North Bergen, New Jersey, is acknowledged as one of Northern New Jersey’s most experienced agencies specializing in investment real estate sales. Aimed at providing professional brokerage services to private investors and financial institutions involved in income-producing multifamily properties and shopping centers, the company has posted steadily increasing sales results. Michael Cervelli Real Estate is known for its’ unparalleled reputation of honesty, integrity, and experience in the investment real estate industry.