facebook
Traded Co logo
Submit a Deal
5401 Palisade Avenue
SOLD

Cervelli Real Estate Sells West New York Multifamily For $3.95M

5401 Palisade Avenue

MultiFamily
clock iconSold 51 days ago
the dealplayerscompscontact
share iconContact now

Summary

Sale
NEW JERSEY
MultiFamily

A 28-unit apartment building located at 5401 Palisade Avenue in West New York was recently sold for $3.95 million. The property is situated just blocks away from the Hudson-Bergen Light Rail’s Bergenline Avenue station, offering a convenient location for residents.

Summary of transaction details:

The sale of this multifamily property was facilitated by Michael Cervelli of Cervelli Real Estate and Property Management. The deal attracted significant interest, with 45 offers received through a strategic marketing effort. Principal Michael Cervelli noted that the property presented a considerable upside potential for the new owners.

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

Michael Cervelli's profile picture
Michael Cervelli
Cervelli Real Estate & Property Management-image
Founder & President
$5.1M Sold

Details

Deal Summary
minus icon
SOLD
IMAGE: Michael Cervelli DATE: 05/22/2024 ADDRESS: 5401 Palisade Avenue MARKET: West New York ASSET TYPE: Multifamily BROKER: Michael Cervelli - Cervelli Real Estate & Property Management SALE PRICE: $3,950,000 UNITS: 28 ~ PPU: $141,071 NOTE: A 28-unit apartment building in West New York was sold for $3.95 million in a deal facilitated by Cervelli Real Estate and Property Management, which garnered 45 offers through a marketing effort. The property at 5401 Palisade Ave., just blocks from the Hudson-Bergen Light Rail’s Bergenline Avenue station, presented a significant opportunity for upside, according to firm Principal Michael Cervelli.

View on map

Loading...

Address5401 Palisade Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want