Investors sell West New York rental property for $1.1 million, Cervelli says

Apr 24, 2023 | Deals, Residential & Mixed Use

6423 Hudson Ave. in West New York — Courtesy: Cervelli Real Estate and Property Management

By Joshua Burd

An investment firm has sold a seven-unit apartment building in West New York for more than $1.1 million, according to Cervelli Real Estate and Property Management.

The brokerage team, which is based in nearby North Bergen, said it represented Leverage Capital in its disposition of 6423 Hudson Ave. An undisclosed buyer purchased the property for $1.133 million, in a cash transaction that closed in just a few weeks.

Cervelli’s Chris Cervelli and Gary Baez brokered the deal.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.