Cervelli Real Estate & Property Management | In the News
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    Cervelli Real Estate & Property Management has negotiated 1850 SF of retail space at 1402 ,Union Port Road in the Bronx.  The property located just off of Westchester Avenue is a neighborhood center that attracts many local businesses due to its incredible pedestrian foot traffic.    The property is owned by an out of state entity and is managed by Cervelli.   The site is managed by Armen Tagmizyan, who is senior member of Cervelli’ s Management team. Headquartered in North Bergen, New Jersey, …

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    Cervelli Real Estate & Property Management announced the sale of 2507 Bergenline Avenue in Union City.  The subject property is a 3 story mixed use property containing one commercial store front and 3 residential units.  The property traded for $975,000 which represented a 7% cap rate.  This shows the continued strength in the North Jersey Investment Market. New Jersey can expect to see a continuation of this trend as many New York investors are crossing the river in search of yield. Headquartered in North …

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    Cervelli Real Estate announces the sale of a 16 unit mixed use property located at 520-522 Ocean Avenue, Jersey City.  The Project was originally rehabbed in the mid 1990’s by working with the city’s “home funds” department to offer subsidized housing to local residents.  The property featured 4 commercial stores along with 12 apartments.  The property sold for $1,250,000. Headquartered in North Bergen, New Jersey, Cervelli Real Estate & Property Management was founded in 1983 and is recognized as one of the …

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    Cervelli Real Estate and property management has successfully closed on a 5 unit apartment house with garage parking in Teaneck.    The property had recently had several of its apartments upgraded and featured separate heat and hot water.  The property served as an excellent passive investment for the buyer. If you would like more information on this transaction, or would like to view a copy of the offering, please call us at 201-868-6300 Headquartered in North Bergen, New Jersey, Cervelli Real …

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    2406-2408 Palisade Avenue is a 9 unit apartment house in Weehawken which sits on the cliffs and offers views of Manhattan skyline.  The seller, an operator of this lone property decided to sell and take advantage of the hot Hudson county market.  Weehawken in particular is of interest to investors given its access to Manhattan via various sources as well pas its highly rated school systems.    The buyer, was completing a 1031 and quickly realized the value hidden in this …

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    North Bergen, N.J. (June 2019) – Cervelli Real Estate & Management is pleased to announce that it has been managing a 344-unit multifamily community in Manchester, N.J. during re-positioning of the asset. Cervelli was awarded the management in December for the property that has been renamed Suncrest Village. “We are very excited to be part of this transformation,” said Michael Cervelli, President of Cervelli Real Estate & Property Management. “Our management team has partnered with new ownership to implement …

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    Cervelli Real Estate & Property Management announces the trade of 19 units in Jersey City to help owner achieve a complete collateral swap in order to retain the favorable loan terms.    The owner, a longtime client and developer in Jersey City was looking to reduce operating costs and consolidate his holdings into a more central geographical location.  The disposed properties included multi-family properties on Atlantic Avenue, Ocean Avenue and Fulton Street.  The Replacement collateral was located at 424 Monmouth Street. …

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    Cervelli Real Estate & Property Management announces the sale of 246 Danforth Ave. A mixed-use investment property which the buyer was going to occupy a portion of on his own. The sale price was $420,000 and it was an all-cash transaction. Headquartered in North Bergen, New Jersey, Cervelli Real Estate & Property Management was founded in 1983 and is recognized as one of the state’s most experienced specialists in commercial investment real estate and property management. Aimed at providing professional brokerage services to private …

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    Cervelli Real Estate & Property Management announces the sale of 72-74 Woodlawn avenue in Jersey City.  The 9 unit building has been recently renovated and featured large 2 bedroom box style units and separate utilities.   Using its hybrid marketing platform, the company identified a buyer from out of the area looking to place funds from a recent 1031 transaction. Headquartered in North Bergen, New Jersey, Cervelli Real Estate & Property Management was founded in 1983 and is recognized as one …

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    Cervelli Real Estate & Property Management is pleased to announce the sale of several Hudson County assets. The first asset is a mixed-use property in the Greenville section of Jersey City, which is comprised of one commercial space and one residential space, that sold for $265,000. The next two assets are located in Union City. Cervelli Real Estate assisted in the sale of a 5-unit residential building at 615 4th Street that sold for $625,000, and a mixed-use building with …