Reported Sep 8, 2026 · Source: Real Estate NJ
A private buyer closed on a development parcel in Jersey City's Bergen-Lafayette neighborhood, brokers with Cervelli Real Estate & Property Management announced. The roughly 6,700-square-foot tract at 171 Bergen Ave. traded with entitlements for some 24 to 30 residential units, and Chris Cervelli and Gary Baez arranged the $715,000 deal. Seller: Not disclosed.
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Read the full report at Real Estate NJ. What the article says:
According to a news release, the roughly 6,700-square-foot tract at 171 Bergen Ave. traded with entitlements for some 24 to 30 residential units.
“The sale reflects continued investor demand for development-ready sites along the Bergen Avenue corridor, close to John F. Kennedy Boulevard and within easy reach of New York City,” Cervelli, which is based in North Bergen, wrote in a news release last week.
Chris Cervelli and Gary Baez of Cervelli Real Estate & Property Management arranged the $715,000 deal.
A private buyer has closed on a development parcel in Jersey City’s growing Bergen-Lafayette neighborhood, brokers with Cervelli Real Estate & Property Management announced.
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