Cervelli Announces the Sale of 139 W. 54th Street in Bayonne
Michael Cervelli Real Estate announces the sale of 139 W. 54th Street in Bayonne, NJ. The property was a 7-unit brick apartment building with separate utilities. The asset traded for over $68,000 per unit. Chris Cervelli orchestrated the sale, which involved the removal of an underground storage tank. The buyer, a long time client of Cervelli, purchased the property to add to their portfolio. This trade signals the continued strength of Investment Sales in Hudson County, which as been driven by low interest rates, and strong demand for safe investment platforms.
