Michael Cervelli, president of Michael Cervelli Real Estate today announced the sale of a 16 unit HUD project building in the city of Paterson. The property sits on a 100×100 lot and had just passed state inspections. The buyer saw opportunity and acted. Packaged intot he deal were 2 buildable lots adding upside value to the project. The selling agent, Chris Cervelli, has been heavily active in the New Jersey investment market selling large complexes in Hudson, Essex, Union and …

Chris Cervelli has sold another large apartment complex in Northern New Jersey. The building, located in the best section of the Union County Hub of Elizabeth, Elmora, represents a bastion of safe and reliable investment. The 2 story complex consisting of 60 residential apartments and a large parking lot and enclosed courtyard was under contract after having shown the property to only one buyer. The purchases, a local group, quickly saw the potential and acted expeditiously. “When dealing with multi …

Michael Cervelli announced the sale of 292 Harrison Avenue, a brick 13 unit apartment building in a great section of the city. Located adjacent to a county park and not far from the Journal Square Path station, the building was sold to a local group looking to perform a condo conversion.

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 …

Michael Cervelli Real Estate recently arranged the sale of 920 Palisade Avenue, a 2-story multi-family complex strategically located on the bluff overlooking Hoboken and boasting incredible views of the Manhattan Skyline. The parcel also enjoys easy access to an arterial network of Public transportation and highways leading to the Turnpike and the Lincoln Tunnel. The sale was orchestrated by Chris Cervelli who obtained a listing agreement from the owner and quickly sold the property to an experienced investor. “In a …

The property consists of 6 Store Fronts and 6 Residential Units. The sale, orchestrated by Chris Cervelli, was completed after having showing the property to only one buyer. Cervelli has built a reputation of putting together seamless transactions. “In this market, it’s important to bring in qualified buyers that know the zeitgeist of the market. If you don’t, you’re going to fall into mid-deal pitfalls which could cause the seller to lose valuable time and money,” says Cervelli.

Michael Cervelli has announced the sale of 6 Pomona Avenue, a 56 unit apartment complex with elevator and parking lot. The building which is the up and coming weequhaic area on Elizabeth Avenue had many common area upgrades as well as many updated apartments. Chris Cervelli obtained a listing from the owner and quickly sold the building to a longtime and experienced investor in the Newark Area.

Michael Cervelli, president of Michael Cervelli Real Estate has announced the sale of a Retail Strip Complex in Union City, NJ. The property which houses national tenants like Labor Ready, is strategically located at the center of NJ and NY Transportation hub at 32nd Street and Kennedy Boulevard. Located within 2 miles of the Lincoln Tunnel, NJ Turnpike, Route 3 and Routes 1 and 9, the sale, orchestrated by Chris Cervelli, further shows the strength in Hudson County Retail Market. …

The sales team at Cervelli Real Estate, headed by Chris Cervelli, successfully marketed a 10,000 Square Foot mixed use office/retail complex in Bayonne, NJ. The property was bought and is being redeveloped by a local real estate owner. The sale shows the strength of the Bayonne Investment Market which has seen enormous gains largely due to the infrastructure in Bayonne. “The presence of the light rail train and multiple stops in Bayonne really makes it easy to travel within Hudson …