SELA Properties acquires a 31 unit bldg. in Jersey City

JERSEY CITY, NJ — SELA Properties, The Fort Lee based real estate investment and management company had announced its recent acquisition, a 31 unit building in Jersey City. The building which is located near McGinley Square features 30 apartments and 1 store sold for $2.1 million. Tal Steinberg, managing member for SELA PROPERTIES said: “The acquisition took a while to close because of an assumption issue. The building might need a little TLC but overall we are thrilled to add it to our portfolio. This should be a great asset to hold for long term.”

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