Michael Cervelli Real Estate announces the sale of six income producing properties totaling nearly $3,000,000 in up and coming areas of Jersey City to finish off a strong December of sales. The first, 1130 Summit Avenue is a 6 unit residential property with a large commercial warehouse. The property, located in Jersey City Heights which is experiencing a large influx of artists, was originally listed at $985,000. Within 2 weeks of marketing, Cervelli Real Estate had an accepted offer. However, …

1760 Kennedy Boulevard, a 3 story 7 family building, 143-145 Monticello Avenue, a mixed use development site, and 208 Bidwell Avenue, a Brick walk up apartment house, all sold to different investors, with the same intentions, Getting in early.  Each of these properties is located in the Greenville Section of Jersey City, which has largely been ignored by outside investors, but now with the torrent or capital entering the market, and a death of options in Brooklyn and Queens, this …

Michael Cervelli Real Estate announces the sale of two North Hudson Investment Properties.  The first, located at 604 21ststreet in Union City is a 9 unit 4 story brick apartment house located in a central location of Union City, purchased by international investors looking to deploy capital into safe hard assets.  Union City benefits from an excellent public transportation system, convenient proximity to Manhattan and competitive pricing in comparison tocomparable areas such as Brooklyn and Queens.  The property traded for $1,115,000 or …

Michael Cervelli Real Estate, LLC announces the sale of a slew of buildings in the South end of Hudson County totaling 34 units in the last month of 2014. ,30 Mostly centered around the upcoming Journal Square and artist district of Jersey City Heights, the sales illustrated the aggressive deployment of investment dollars in this region given the inability to locate cash flowing deals in other competing areas such as Brooklyn and Queens. One of the sales, 1053 West Side …