17-Unit Apartment Building With Upside Sells in Passaic, NJ
Cervelli Real Estate & Property Management prides itself on being a full-service real estate company for residential and commercial clients throughout New Jersey’s Gold Coast. With personalized attention to each client, our family-owned and operated business provides top-rated, highly professional, and skilled brokerage, property management, and consultation services.
With a thorough understanding of the real estate market and current trends, our team finds success in buying and selling various types of properties. Discover more about a recent off-market sale of a 17-unit apartment building with significant upside potential managed by Cervelli Real Estate & Property Management.
62-64 Van Winkle Street
We are pleased to announce the sale of 62-64 Van Winkle Street, a 17-unit apartment building in Passaic, NJ. Cervelli Real Estate & Property Management’s Chris Cervelli and Chris Gerena orchestrated the all-cash, off-market transaction.
The property had several challenges we had to overcome, including several code violations. These violations were remediated during due diligence. However, the property offers tremendous potential upside due to the city’s rent control ordinance.
Our Approach and Credentials
Our approach at Cervelli Real Estate & Property Management hasn’t changed since we began operation in 1983. We believe every client deserves a personalized experience. To better accommodate the needs of each client, we created a team made up of both experienced and young professionals from all walks of life. Every team member is passionate about the business and enjoys going above and beyond for their clients. Our customer-focused business model distinguishes us from larger franchises.
With more than 150 years of combined experience, our staff specializes in nearly every area of real estate and property management. Team members are proud to hold many highly regarded certifications, such as:
- Certified Apartment Manager (CAM)
- Certified Commercial Investment Member (CCIM)
- Certified Professional of Occupancy (CPO)
- Certified Property Manager (CPM)
In addition, Cervelli Real Estate & Property Management maintains several professional relationships with the following organizations:
- Bergen County Board of Realtors
- Community Associations Institute (CAI)
- Liberty Board of Realtors
- Institute of Real Estate Management (IREM)
- National Association of Realtors (NAR)
- New Jersey Association of Realtors (NJAR)
- Property Owners Association of New Jersey (POANJ)
Other Areas of Expertise
In addition to buying and selling properties like 62-64 Van Winkle Street for our clients, Cervelli Real Estate & Property Management also specializes in managing properties. As an Accredited Management Organization (AMO), we offer professional property management services to clients who own various types of properties, including:
- Office buildings
- Retail properties
- Industrial properties
- Multi-family properties
To successfully conduct day-to-day business operations for our clients, our property management services cover all aspects of the industry. The services that set us apart include:
- 24-hour emergency services: For accidents that occur after normal business hours and can’t wait until morning, we provide emergency repair services 24 hours a day, seven days a week.
- Property inspections: Our team conducts thorough monthly inspections of your property, focusing on areas that could be a concern and how to eliminate risks.
- Vendor relations: With a strong network of licensed and certified service providers at our disposal, clients gain access to affordable and reliable services.
- Professional liaisons: Our team handles important communication with attorneys, public officials, and insurance providers so our clients don’t have to.
- Online services: Important property information is available to clients online, where they can access it at their convenience.
- Financial reporting: Every month, clients receive a financial report regarding their property that details and outlines important information.
Partner with Our Well-Rounded Team
If you’re in the market or wish to move on from a property, turn to the professional and experienced team at Cervelli Real Estate & Property Management. In addition to buying and selling, our team specializes in providing hands-on property management services. Anyone wishing to partner with our team in northeastern NJ should contact us today.
