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SELA Properties purchases mixed use property for $825,000

PropertyMarch 15, 2013

PASSAIC, NJ — SELA Properties announced a purchase in Passaic County. The company recently purchased a 14 unit apartment and a store. SELA is also under contract with the same owner for an additional building on the same street. The purchase price was $825,000 and the buyers were able to obtain seller financing. Anne Abramson of Koval Commercial Properties represented both seller and buyer for these transactions. SELA is currently under contract for more than 100 units this year. They have expanded their acquisitions to all areas of NJ.