Cervelli Real Estate & Property Management | Cervelli Real Estate & Property Management Announces the Sale of Several Hudson County Assets

Cervelli Real Estate & Property Management Announces the Sale of Several Hudson County Assets

September 13, 2018
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Cervelli Real Estate & Property Management is pleased to announce the sale of several Hudson County assets. The first asset is a mixed-use property in the Greenville section of Jersey City, which is comprised of one commercial space and one residential space, that sold for $265,000. The next two assets are located in Union City. Cervelli Real Estate assisted in the sale of a 5-unit residential building at 615 4th Street that sold for $625,000, and a mixed-use building with six residential units and one commercial space located at 4540 Bergenline Ave that traded for $1,530,000.

Cervelli sold two more buildings located on Polk Street in Guttenberg. One was a warehouse that is well-suited for redevelopment that sold for $1,080,000, and the other was a 7-unit apartment building that sold for $1,275,000. Cervelli Real Estate & Property Management also is pleased to announce that it has retained management of the 7-unit building located at 7013 Polk Street.

Headquartered in North Bergen, New Jersey, Cervelli Real Estate & Property Management was founded in 1983 and is recognized as one of the state’s most experienced specialists in commercial investment real estate and property management. Its primary aim is to provide professional brokerage services to private investors and financial institutions involved in income producing multi-family properties and shopping centers, and Cervelli offers comprehensive, research-driven transaction solutions. The Cervelli team provides professional property and facility management services to a wide range of clients, such as state institutions, condominium associations and private owners. Cervelli takes pride in upholding an undisputed reputation built on honesty, integrity, and experience in the investment real estate industry.