Michael Cervelli Real Estate, LLC sells West New York, NJ, Apartment buildings
North Bergen NJ: Michael Cervelli Real Estate, LLC announces the sale of 2 West New York Apartment buildings. The first, a Brick 15 unit mixed use property with separate utilities traded for $1,300,000 all cash. Located just a few blocks from Boulevard East, the buyer quickly saw the value in this ascending market and quickly looked to lock the property up in contract. The second, a smaller yet even more strategically located property just 250 feet from Boulevard East is a commuter’s dream. The property traded for $97,500 per unit. Boulevard East offers a one seat bus ride directly into the New York Port Authority bus terminal. “There is no quicker way to get to the region’s most heavily trafficked public transportation system, not Brooklyn, not Queens. There is so much upside on this side of the Hudson River before we hit outer borough levels, that we feel this is a relatively safe investment given pent up investor demand, and the difficulty of residential home buyers to qualify for mortgages.” – said Cervelli
Headquartered in North Bergen, New Jersey, Michael Cervelli Real Estate, LLC was founded in 1983 and is acknowledged as among New Jersey’s most experienced specialists in Investment Real Estate Sales. Aimed at providing professional brokerage services to private investors and financial institutions involved in income producing multi-family properties and shopping centers, the company has posted steadily increasing sales results. Cervelli has an undisputed reputation of honesty, integrity, and experience in the Investment Real Estate Industry.