226-228 River St. in Hackensack, NJ, Sold by Cervelli Real Estate & Property Management

Cervelli Real Estate & Property Management is proud to announce the seven-figure sale of a gorgeous apartment building in Hackensack, NJ. Serving Bergen, Essex, Hudson, Passaic, and Union counties since 1983, Cervelli Real Estate & Property Management is one of northeast New Jersey’s most experienced specialists in commercial investment real estate, as well as property management. Learn more about the transaction and our services.

About 226-228 River St. in Hackensack, NJ

Hackensack is the county seat of Bergen County, and it’s more popular for renters and homebuyers than ever. Though it’s near New York City, Hackensack is a destination in itself, serving as home to many companies, eateries and watering holes, top-of-the-line entertainment options, and much more. Developers and real estate investors are always bidding competitively on the limited options available on the market, so it’s no wonder the recent transaction made by our team went for a whopping $5,000,000.

Cervelli Real Estate & Property Management sold 226-228 River St., a 28-unit elevator apartment building with balconies, garage parking, individual storage units, and other great features for tenants. In this convenient, live-work-play environment, young professionals are drawn to the area for its many opportunities and lively neighborhoods. Thanks to the upside in rents, the buyers had a high level of interest in this property and ultimately acquired this asset for $5,000,000.

Helping Commercial Investors Buy and Sell Properties

The real estate market has seen historic positive trends in recent years, making it an excellent time to sell a property or seek your next investment. That’s where we come in. Serving the Gold Coast area of New Jersey, the team at Cervelli Real Estate & Property Management has a combined 80 years of experience in management, construction, accounting, and other relevant fields. We strive to remain at the forefront of our industry and are consistently amongst the top-producing firms in investment sales.

With a commitment to helping clients minimize risk and increase cash flow, our team believes that better business plans begin with a personalized approach. Unlike some large-franchise firms, we don’t offer one-size-fits-all plans. We have specialized agents in specific market segments, as well as a diverse staff of industry veterans and tech-savvy younger minds. With invaluable experience and resources at our disposal, we can tailor our approach to meet the needs of any commercial investor.

Do You Need Property Management Services?

Often, the responsibilities of property management can deter commercial investors from pursuing a new property. Cervelli Real Estate & Property Management alleviates this stress by offering a suite of expert property management services. As an Exclusive Management Agent, we’re the sole provider of property management for our clients. With over 80 properties in our portfolio and positive testimonials, it’s clear we are trusted by private owners, family offices, nonprofit organizations, and other types of clients.

Cervelli Real Estate & Property Management begins each new assignment with a comprehensive evaluation of the existing space. We then determine key areas for improvement so we can help increase cash flow as soon as possible. We also care deeply about the current tenants of these properties and take every step possible to learn about their experience and make enhancements for higher retention rates.

What Our Property Management Services Include

• 24/7 emergency support
• Monthly financial reports, including reconciled bank statements, copies of all checks, and accounts payable/receivable data
• Online services with real-time login for tasks such as:
  • Filling out forms
  • Making payments
  • Managing accounts payable and receivable
  • Submitting work orders
  • Viewing open work orders
• Professional liaison services for transparency, efficiency, and compliance tasks
• Property inspections with an issued report every month
• A vendor network of trusted providers for projects outside our scope

To learn more about Cervelli Real Estate & Property Management, view our featured properties, MLS, and off-market listings, or contact us today. We are headquartered in North Bergen, NJ, and serve clients throughout the Gold Coast of northeast New Jersey.