Cervelli Real Estate Sells 3 Multi Family Properties for $5M+

The sale by Michael Cervelli Real Estate of three multi family investment properties representing a total of 86 units in West New York was announced recently by Michael Cervelli, President of the North Bergen based investment sales organization. According to Mr. Cervelli, the selling price for the three apartment properties was $5,200,000.

“West New York has been an integral segment of the Hudson County Investment Real Estate Market,” said Mr. Cervelli. “We have been extremely active int he sale of investment properties throughout Hudson County and these three properties represent a major impact in this highly competitive area.” He went on to suggest that the diligence and hands-on efforts on the part of the selling agent, Chris Cervelli were largely responsible for the success of the closing. “Chris Cervelli should be commended for his professionalism, commitment to success an expertise,” he noted. “Generally, in a deal this size, other firms will use a team of agents to follow the deal through but the use of a single hands-on agent allows a more personal touch and commitment to detail and accuracy.”

Chris Cervelli obtained an exclusive listing for the property and introduced the purchaser to the properties and quickly moved into contract. The buyers, a local group from the area were represented by Ann Hsiung, Esq. of New York.