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SELA Properties acquires two buildings totaling $4.4 million

PropertyJanuary 31, 2014

JERSEY CITY, NJ — SELA Properties has announced its latest acquisition, two buildings in McGinley Square and Bergen areas totaling 50 apartments and 14 parking spots. The sale price was reported at $4.4 million. “This acquisition aligns with our other investments in the Journal Square area increasing our portfolio to over 100 residential units in this area. We are planning on adding laundry facilities to the buildings, renovating a few apartments and increasing our net income, yielding higher returns for our investors.