Cervelli sells multi-family property across from Hackensack train station
North Bergen, NJ- Michael Cervelli Real Estate, LLC announces the sale of 45-47 Linden Street in Hackensack, New Jersey.
Long time investors of the firm came back to them with a 1031 need. The family had sold a property in Queens, NY and needed to trade up into another investment property. Christopher Cervelli quickly identified a property located in the county seat of Bergen County directly across from a train station.
“There is unbelievable demand for rental housing, especially in the path of commuter lines,” stated Christopher Cervelli in a recent interview with the Star Ledger.
The property, a 14 unit apartment house traded for $1,220,000.
