Cervelli Real Estate Sells 16-Unit North Bergen Apartment Building for $2.6 Million
North Bergen, NJ — July 13th, 2026 — Cervelli Real Estate closed the sale of a 16-unit apartment building at 9100 2nd Ave in North Bergen, New Jersey for $2,600,000, reflecting a 5.9% capitalization rate. The property, located in North Bergen’s Racetrack Section between Bergenline Avenue and Kennedy Boulevard, drew nine offers before closing.
The sale closed in a rising interest rate environment, a climate that typically pressures sellers to accept lower offers. The strong number of bids on this property points to continued investor demand for well-located multifamily real estate in North Bergen and the surrounding North Jersey market.
Cervelli Real Estate’s team combined direct outreach to established local property owners with a hybrid marketing platform, expanding the pool of qualified buyers beyond a conventional listing approach.
The building’s pre-war brick construction, expansive lobby, and recently updated mechanical systems were among the features that stood out to prospective buyers.
The buyer is a local landlord based in North Bergen with an established presence in the area, who was looking to grow their holdings and was well-positioned to take advantage of the property’s rent upside.
“Chris Cervelli is highly detailed and a great negotiator,” said the seller. “He helped me sell my building, and while there were issues that came up during due diligence, he was on top of it and made sure they were resolved.”
About Cervelli Real Estate
Founded in 1983, Cervelli Real Estate & Property Management is one of Hudson County’s most established commercial brokerage and property management firms. The company specializes in the sale and leasing of multifamily, mixed-use, and retail investment properties across Hudson County and Bergen County, with additional activity throughout northern New Jersey and New York. Led by Chris Cervelli, CCIM, CPM, and Michael Cervelli, the firm serves private investors, owner-users, local developers, and retail tenants and landlords across the region.
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