72-74 Woodlawn Ave. in Jersey City — Courtesy: Cervelli Real Estate & Property Management
By Joshua Burd
A nine-unit apartment building in Jersey City has changed hands, following a sale arranged by Cervelli Real Estate & Property Management.
The firm announced Tuesday that it brokered the sale of 72-74 Woodlawn Ave., touting recent renovations to the property. A buyer from outside the area purchased the building for an undisclosed price, Cervelli said, noting that the deal was part of a 1031 exchange.
The property, which is located in the city’s Greenville section, has large two-bedroom box-style units and separate utilities.