Nicholas Nicolaou and Adam Zweibel of Gebroe Hammer represented both parties SELA Realty acquires 42 Park Ave. in Bloomfield, NJ for $3.05 million
PropertyDecember 9, 2016BLOOMFIELD, NJ — SELA Realty Investments, the real estate investment and management company located in Fort Lee, NJ, announced its recent acquisition of 42 Park Ave. A 22 Unit building located in Bloomfield, NJ. The purchase price of $3,050,000 represents roughly 6% going in cap rate. The building which enjoys a very strong occupancy rates had recently been renovated and updated. Tal Steinberg, managing partner for SELA said, "We are happy to set foot in Essex County.