JERSEY CITY, NJ — Cervelli Real Estate has been selected to manage a portfolio of multifamily properties throughout Jersey City on behalf of a longtime owner.
The assignment includes properties located at 413 Summit Avenue, 75 Jordan Avenue and 179 Academy Street.
Under the new assignment, Cervelli Real Estate & Property Management will oversee day-to-day operations, maintenance coordination, tenant relations, financial reporting and long-term operational planning for the portfolio.
“We are proud to continue growing our management portfolio throughout Jersey City and Hudson County,” said Veronica Negron, Director of PM. “Owners today are looking for experienced management teams that understand both the operational and investment side of multifamily real estate, particularly in highly regulated and competitive markets.”
The company noted that many landlords are increasingly focused on operational efficiency, maintenance responsiveness, tenant retention and long-term asset preservation amid rising operating costs and evolving regulatory requirements.
Cervelli Real Estate & Property Management provides management services for multifamily, mixed-use, office and affordable housing properties throughout Northern New Jersey. The firm’s focus remains minimizing risk while maximizing after-tax cash flow through proactive management, operational oversight and long-term asset preservation.
