Tom Pahos, One of Cervelli Management’s Property Managers, and the current Property Owners Association (POA) President helped to orchestrate a Toy Drive for Wounded Warriors and their children. The POA was able to collect a few hundred toys, and presented the 50th BSB and 50th BSTB New Jersey Army National Guard with their collections. Tom, who won the POA’s Man of the year award for 2014, was also award a special recognition by Command Major Sergeant Christopher Sheridan who was …

Michael Cervelli Real Estate, LLC,  announced Thursday that it has sold a mixed-use property in Jersey City for $1.22 million. The property at 171 Martin Luther King Jr. Drive consists of 17 apartments and three commercial stores, the North Bergen-based real estate brokerage said in a news release. Read Full Article HERE…

Michael Cervelli Real Estate, LLC announces the sale of 2 West New York Apartment buildings by broker Chris Cervelli.  The first, a Brick 15 unit mixed use property with separate utilities traded for $1,300,000 all cash.  Located just a few blocks from Boulevard East, the buyer quickly saw the value in this ascending market and quickly looked to lock the property up in contract.  The second, a smaller yet even more strategically located property just 250 feet from Boulevard East …

Michael Cervelli Real Estate LLC announced Tuesday that it has brokered the sale of two West New York apartment buildings. The first building, a 15-unit mixed-use property with separate utilities, sold for $1.3 million. The second, a smaller property, sold for $97,500 per unit. “There is no quicker way to get to the region’s most heavily trafficked public transportation system, not Brooklyn, not Queens,” Cervelli said in a statement. “There is so much upside on the side of the Hudson …

By Jason Carpenter July 23, 2014 — Small energy investments can pay off — not just once, but year after year. Across the Hudson, the board of Lyons Towers, a 66-unit condominium in Newark, N.J., is looking forward to the savings that switching to LED lights can produce. Armen Tagmizyan, a property manager with Cervelli Management, who handles the property, recently ran across New Jersey’s Clean Energy Program, which offers rebates to make the process easier. “I met GreenLight [Energy, an energy service provider] at an expo and they explained …

Michael Cervelli Real Estate, LLC announces the sale of 555 Newark Avenue in the Journal Square section of Jersey City. The property, an all brick mixed use building adjacent to the Hudson County Court House sold for $425,000 dollars which represented a 5.3% cap rate, signifying the continued demand for Hudson County Investment Properties. With interest rates looking to remain relatively low for the next several years Hudson County will continue to see cap rate compression, as investors starving for …

North Bergen, NJ- Michael Cervelli Real Estate, LLC announces the sale of 162 60th Street in West New York, New Jersey. The all-cash transaction of 6 apartments and one retail store was brokered by Michael Cervelli Real Estate agents on both sides. Christopher Cervelli represented the seller and Harald Jonassen represented the buyer. The property which sold for $695,000 is situated in the West New York downtown business corridor.

North Bergen, NJ- Michael Cervelli Real Estate, LLC announces the sale of 275 Monticello Avenue in Jersey City, New Jersey. The seller engaged Christopher Cervelli with the need to dispose of the property quickly due to a tax issue. Cervelli Real Estate moved quickly to market the property on various platforms exposing the property to a large pool of buyers. The seller chose a local group that was able to move very quickly and close all cash. The property had many …

North Bergen- Michael Cervelli Real Estate, LLC announces the sale of 164 Sterling Ave in Jersey City, New Jersey. The property, a 4 story brick mixed use investment property, features 26 residential apartments and 3 commercial stores, traded for $2,300,000. Gardner Rivera of Cervelli Real Estate represented the seller and Christopher Cervelli procured the buyer. The buyer, a local group whom Cervelli has represented in many transactions continues to add to its portfolio in the very sought-after Jersey City investment market. …

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 …