“Our parking lot has been transformed into a Covid test site drive through!”
Our very own Chris Cervelli prepares to wrap up his term as POA President.
Property Owners Association of NJ
December 19, 2019 at 11:00 AM ·
As the year draws to a close we would like to say thank you to POA President Chris Cervelli as he prepares to wrap up his term. We would as like to extend our sincere appreciation to the entire Board for all their help and hard work this year. The POA would not be what it is without our leadership and membership!
Cervelli Real Estate & Property Management was featured in this months issue of REALESTATE NJ!!
REALESTATENJ.COM
Cervelli Real Estate & Property Management was featured in this months issue of REALESTATE NJ – Cervelli Real Estate & Property Management
Check out this interesting article:
GLOBEST.COM
New Jersey Awards Five Opportunity Zone Challenge Grants | GlobeSt
Check out this interesting article:
RE-NJ.COM
Rent control is not a solution to our affordable housing crisis – Real Estate NJ
a lot of wealth has just traded hands
NYTIMES.COM
Airbnb Suffered a Big Defeat in Jersey City. Here’s What That Means.
Porter-assistant super job for reliable individual. Trash, recycling, painting, general maintenance and cleaning. Can be live in or not, available immediately, jersey city location.. compensation based on ability.
CERVELLI REAL ESTATE AND PROPERTY MANAGEMENT
Assistant Superintendent
*Compensation based on knowledge, experience and ability.
*At a minimum, candidate must be capable of cleaning, inspecting property and light maintenance.
*Ideal candidate will also be capable of doing building repairs.
*Below description including but not limited to:
*Keeps building grounds and common areas clean and in safe condition
*Ensures that garbage and recycled items are placed for pick up at the appropriate times and in the proper manner
*Oversee and or carryout regular preventative maintenance on items throughout the interior and exterior of the property
*Performs regular inspections
*Responds to emergency calls
*Coordinates with contractors or repair crews for work that is outsourced
*Responsible for repairs and maintenance in common areas and building exteriors
CERVELLI REAL ESTATE AND PROPERTY MANAGEMENT
Superintendent
Responsibilities: including but not limited to cleaning common areas, organizing trash, landscaping, light maintenance, painting, etc. compensation based on ability and experience.
CERVELLI REAL ESTATE AND PROPERTY MANAGEMENT
Assistant Superintendent
If rent growth continues and rates stay low as expected we could see a further compression in cap rates.
https://www.globest.com/2020/12/21/rent-appreciation-predicted-to-recover-its-2020-losses-next-year/?kw=Slipping%20Rent%20Growth%20Expected%20to%20Make%20Full%20Recovery%20Next%20Year&utm_source=email&utm_medium=enl&utm_campaign=spotlightonalert&utm_content=20201221&utm_term=rem&slreturn=20201128121547
GLOBEST.COM
Slipping Rent Growth Expected to Make Full Recovery Next Year | GlobeSt
The economic ebb and flow looks like it will continue, however much of this is linked to how closely 2021 goes according to expectations. 2020 was way off so might be too early to really declare with certainty but this article does a good job of highlighting the levers. https://www.globest.com/2020/12/29/the-four-phases-of-recovery-we-can-expect-next-year/?kw=The%20Four%20Phases%20of%20Recovery%20We%20Can%20Expect%20Next%20Year&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20201229&utm_term=rem&enlcmp=nltrplt4&slreturn=20201129090024
GLOBEST.COM
The Four Phases of Recovery We Can Expect Next Year | GlobeSt
45 Linden Ave SOLD. Check out our flyer below with details of the sale.
Superintendent Live in
Full time/live in position available for a responsible person. Applicant needs to be able to work independently yet be part of a team. Compensation based on knowledge, experience and ability. Keeps building grounds and common areas clean and in safe condition
Ensures that garbage and recycled items are placed for pick up at the appropriate times and in the proper manner
Oversee and carryout regular preventative maintenance on items throughout the interior and exterior of the property
Performs regular inspections
Responds to emergency calls
Oversees budgets, purchases and work orders
Coordinates with contractors or repair crews for work that is outsourced
Provides purchase requests for all maintenance supplies and keeps adequate inventory
Creates work and purchase orders
Responsible for repairs and maintenance in common areas and building exteriors
Coordinate building repairs and maintenance with contractors and staff
Respond to emergency calls and remedy situation
CERVELLI REAL ESTATE AND PROPERTY MANAGEMENT
Superintendent
Assistant super-porter, full time jersey city. Responsibilities; including but not limited to cleaning common areas, organizing trash, landscaping, light maintenance, painting, etc. compensation based on ability and experience. Full time & Part time available.
CERVELLI REAL ESTATE AND PROPERTY MANAGEMENT
Assistant Superintendent
I would agree with this sentiment because though rates have started to rise, I don’t think it will go very far. There is a lot of money sitting on the sidelines “waiting” for that opportunity. That opportunity may never be fully realized because of the economic forces at play.
https://www.globest.com/2021/01/21/rates-have-started-rising-time-to-buy/?kw=Rates%20Have%20Started%20Rising.%20Time%20to%20Buy?&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20210121&utm_term=rem
GLOBEST.COM
Rates Have Started Rising. Time to Buy? | GlobeSt
STUNNING DUPLEX FOR SALE!!!
Unit A: $1,065,000
Bedrooms: 5
Baths: 3 Full, 2 Half
Unit B: $1,050,000
Bedrooms: 5
Baths: 3 Full, 2 Half
Unbelievable oversized 4,167 sq. ft. contemporary duplex with immaculate finishes! Ground level with 9ft ceilings has a large entry foyer, powder room, recreation room and bedroom with side entrance, ample closet space and a two car garage. First floor open floor plan has a large custom kitchen with high end appliances, a 9ft waterfall island, bar wall with wine cooler, dining room, living room with fireplace and separate home office. Second floor with 9ft ceilings has 4 bedrooms, two being suites with their own walk in closets and full bathrooms. This home boasts many extra features including a large deck with steps down to the backyard showcasing beautiful sunsets, high efficiency Navien heat & hot water system, contemporary trim package and exterior lighting package.
For more info contact James Cervelli
Cervelli Real Estate & Property Management
O: (201) 868-6300
C: (201) 674-6357
E: james@realestatenj.com
Very cool interactive graph below. This underlines the trend to the suburbs had accelerated last year however the urban cores including New York City are starting to see significant traction and Interest in moving back now that rents are affordable.
https://www.globest.com/2021/02/09/the-winners-and-losers-in-apartment-rents/
GLOBEST.COM
The Winners and Losers in Apartment Rents | GlobeSt
Sad to see as I have been passing this location for many years. There will be some short-term pain, but I see this site being adapted to fulfill last mile distribution needs.
https://www.nj.com/business/2021/02/600-to-lose-jobs-when-nj-nabisco-plant-closes-by-end-of-summer.html
NJ.COM
600 to lose jobs when N.J. Nabisco plant closes by end of summer
Awesome content from K. C. Conway and the CCIM Institute
https://www.ccim.com/cire-magazine/articles/2021/Winter/Waiting-to-See/
CCIM.COM
Waiting to See: Capital Markets Update
I love More jobs for NJ!
https://re-nj.com/ups-coming-to-880000-sq-ft-logistics-center-in-bayonne-city-officials-say/
RE-NJ.COM
UPS coming to 880,000 sq. ft. logistics center in Bayonne, city officials say – Real Estate NJ
From my viewpoint it appears this shift is strong dependent on which demographic you are in. Young people without kids are now seeking and finding great deals in empty urban cores. This is their opportunity to find affordability in what was normally not an option for them.
The cohort of professionals with young children that was still hanging around those train stations for the convenience of transportation has largely thinned out and ran to the suburbs. I do not expect that demographic to shine as strongly as it once did, however I do think the “two bedroom units built for roommates” will be in strong demand by end of year.
https://www.globest.com/2021/02/24/latest-case-shiller-index-highlights-the-move-to-the-suburbs/?kw=Latest%20Case-Shiller%20Index%20Highlights%20the%20Move%20to%20the%20Suburbs&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20210224&utm_term=rem
GLOBEST.COM
Latest Case-Shiller Index Highlights the Move to the Suburbs | GlobeSt
Many investors are telling me they are gearing up to start buying CRE at the end of this year. Many feel that pent up demand will lead to an explosion in rent growth. If rates continue to rise, and ownership affordability falls, this could help landlords make up for the losses of the past 12 months.
https://www.globest.com/2021/03/01/apartment-rents-hit-biggest-growth-spurt-since-2019/?kw=Apartment%20Rents%20Hit%20Biggest%20Growth%20Spurt%20Since%202019&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20210301&utm_term=rem&enlcmp=nltrplt4&slreturn=20210201100303
GLOBEST.COM
Apartment Rents Hit Biggest Growth Spurt Since 2019 | GlobeSt
Check out Cervelli's latest sale: https://buff.ly/3v8sprl
Not surprising. The upswing will be fast as young people take advantage of the opportunity to get into the cities with more affordable pricing
https://www.globest.com/2021/03/05/apartment-rents-rise-at-fastest-pace-since-mid-2019/?kw=Apartment%20Rents%20Rise%20At%20Fastest%20Pace%20Since%20Mid-2019&utm_source=email&utm_medium=enl&utm_campaign=spotlightonalert&utm_content=20210305&utm_term=rem
GLOBEST.COM
Apartment Rents Rise At Fastest Pace Since Mid-2019 | GlobeSt
https://www.globest.com/2021/03/02/investors-most-asset-classes-will-see-values-rise-this-year/?kw=Investors:%20Most%20Asset%20Classes%20Will%20See%20Values%20Rise%20This%20Year&utm_source=email&utm_medium=enl&utm_campaign=netlease&utm_content=20210302&utm_term=rem
GLOBEST.COM
Investors: Most Asset Classes Will See Values Rise This Year | GlobeSt
This may be the counter to rising rates.
https://www.globest.com/2021/03/05/a-flood-of-capital-is-chasing-rental-housing/?kw=A%20Flood%20of%20Capital%20is%20Chasing%20Rental%20Housing&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20210305&utm_term=rem&enlcmp=nltrplt4
GLOBEST.COM
A Flood of Capital is Chasing Rental Housing | GlobeSt
Looks like all the talk of the “roaring twenties” may have some legs…
https://www.globest.com/2021/03/12/new-apartment-leases-in-manhattan-surged-112-in-february/?kw=New%20Apartment%20Leases%20in%20Manhattan%20Surged%20112%25%20In%20February&utm_source=email&utm_medium=enl&utm_campaign=spotlightonalert&utm_content=20210312&utm_term=rem
GLOBEST.COM
New Apartment Leases in Manhattan Surged 112% In February | GlobeSt
The more I read and speak with people the more this seems to be settling into place. Let’s hope the trajectory continues.
https://www.globest.com/2021/03/19/retail-rent-collections-climb-to-90-for-the-first-time-in-a-year/?kw=Retail%20Rent%20Collections%20Climb%20to%2090%25%20for%20the%20First%20Time%20in%20a%20Year&utm_source=email&utm_medium=enl&utm_campaign=spotlightonalert&utm_content=20210319&utm_term=rem
GLOBEST.COM
Retail Rent Collections Climb to 90% for the First Time in a Year | GlobeSt
