Prime Mixed-Use Property Sells in West New York
At Cervelli Real Estate & Property Management, we pride ourselves on providing personalized attention to each client. Whether you are buying or selling, we have extensive knowledge of the real estate market in New York and New Jersey. Our team excels in closing deals for residential, commercial, and mixed-use properties alike throughout New Jersey’s Gold Coast. Learn more about a recent sale in West New York managed by Cervelli Real Estate & Property Management.
5116 Bergenline Avenue
Cervelli Real Estate & Property Management is pleased to announce the sale of 5116 Bergenline Avenue, a mixed-use property in West New York, NJ. This three-story, 3,500-square-foot property has a ground-floor commercial store with two residential apartment units above it.
As a major commercial strip, Bergenline Avenue connects West New York with nearby Union City and North Bergen. Packed with restaurants, retail shops, and other small businesses, Bergenline Avenue is a major transportation corridor for Hudson County, NJ. Thus, the property is well-located to attract significant foot and car traffic.
5116 Bergenline Avenue has 20 feet of frontage on this popular thoroughfare. The mixed-use property is also conveniently located just across the street from the Hudson-Bergen Light Rail’s Bergenline Avenue station. In addition to easy access to light rail service, this station connects to several NJ Transit bus lines.
Strategic Marketing and Outreach
The sale of 5116 Bergenline Avenue was managed by agent Chris Gerena, one of the newest members of Cervelli Real Estate & Property Management. Working collaboratively, the brokerage team used a targeted marketing strategy to develop significant interest in the property, despite the high interest rate environment.
Due to their strategic approach, Cervelli Real Estate & Property Management was able to leverage multiple offers. The property drew interest from both real estate investors and commercial clients hoping to use the property for their businesses. Ultimately, 5116 Bergenline Avenue was sold to a local business owner who recognized the value of both the location and the property itself. Cervelli Real Estate & Property Management was able to deliver a significant return for the seller, as the buyer paid $100,000 over the asking price.
Credentials and Memberships
Cervelli Real Estate & Property Management provides the highest level of client service for buyers, sellers, and building owners. We take the time to stay at the cutting edge of industry trends and best practices and have the credentials to back up our hands-on experience. Our staff holds the following certifications:
- Certified Apartment Manager (CAM)
- Certified Commercial Investment Member (CCIM)
- Certified Professional of Occupancy (CPO)
- Certified Property Manager (CPM)
We also maintain memberships with the following professional organizations:
- Bergen County Board of Realtors
- Community Associations Institute (CAI)
- Liberty Board of Realtors
- Institute of Real Estate Management (IREM)
- National Association of Realtors (NAR)
- New Jersey Association of Realtors (NJAR)
- Property Owners Association of New Jersey (POANJ)
Partner With a Trusted Local Team
Founded in 1983 and co-owned by Michael Cervelli and Chris Cervelli, Cervelli Real Estate & Property Management is one of New Jersey’s most experienced specialists in both investment real estate and property management. Striving to minimize risk and maximize cash flow for property owners, our agents deliver the skill set of an international firm with the personalized attention of a local company.
As long-time building owners ourselves, we understand the challenges and draw on our background to provide professional services for clients throughout New Jersey’s Gold Coast. Cervelli Real Estate & Property Management handles all aspects of building management for:
With regular property inspections, in-depth financial reporting, and 24-hour emergency service, we are a trusted resource for building owners throughout northeast New Jersey. We currently have more than 80 properties under management and work with private owners, nonprofit organizations, and family offices. To learn more about our real estate and management services, review our case studies or contact us today.