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 …

North Bergen NJ- Michael Cervelli Real Estate, LLC announces the sale of 15 Ward Street in Bloomfield New Jersey. The property was tenant occupied by The Empire Beauty School, a strong national company, part of Regis Corp (NYSE:RGS) and sold for $1.23M. The property was listed by Real Estate Agent Gardner Rivera, MSRED and marketed on a national level which attracted various offers. Once again the marketing platform used by Cervelli Real Estate provided the property with maximum visibility to potential …

North Bergen, NJ- Michael Cervelli Real Estate, LLC announces the sale of 12 Broadway in Jersey City, New Jersey. The property, a 9 unit apartment building, traded for $1,280,000, which is $30,000 more than the asking price. Cervelli Real Estate has the unique ability to market properties to the right cross section of investors to achieve the highest price. Harald Jonassen, agent with the firm secured the listing and moved to quickly market it through the proven system that Cervelli Real …

North Bergen, NJ- Cervelli Real Estate announces sale of 220 70th St, a 3 story brick apartment house located in Guttenberg, NJ. The areal has recently been  a hub of activity for multi-family investors, featuring quick and convenient public transportation access to Manhattan. The property traded for $875,000, which represents an 8.4% capitalization rate, at $72,916 per unit demonstrating the continuous vibrancy of the North Hudson market. This deal is an example of Cervelli Real Estate’s savvy approach to implementing technology …

As the real estate market heats up across the country, certain markets have really gone into over-drive. Looking at the most recent data from Realtor.com, some of the hottest regions are the ones you would anticipate to lead the housing recover, but there are also some surprises. Highlighted are five real estate markets where inventory has dropped significantly, leading to a seller’s market and a very competitive environment for buyers. First a note on understanding how inventory affects home prices. …

North Bergen, NJ – Michael Cervelli Real Estate recently arranged the sale of 2 brick apartment houses totaling 13 units in North Bergen. The 2 properties, 1211 7th Street and 1200 13th Street were purchased by the same investment group, but were owned by 2 different owners. The properties are located in an area that has tremendous access to an arterial network of Public transportation and highways leading to the New Jersey Turnpike and Holland Tunnel. Both properties were purchased …

Jersey City, NJ – Michael Cervelli Real Estate recently arranged the sale of 184 Fairview Avenue, a 2 store Multifamily complex strategically located in the Journal Square section of Jersey City. The property consisted of 12 Apartments with a private parking lost and amenities included laundry facilities and terraces. The parcel also enjoys easy access to an arterial network of Public transportation and highways leading to the New Jersey Turnpike and Holland Tunnel. The private off market sale was orchestrated …