Rivermayn Realty was the advisor/ steward to St. Aloysius Parish, led by Fr. Joe Damico, in managing the planning and sale of a portfolio of four properties for the parish.  Involved was the sale of the convent on Kensington Ave, the properties located on Gautier Ave and the Annex on West Side Ave.
 
Initially the parish was offered $450,000 for just the Convent and homes.  Included in that offering was the need by the buyer to have their own parking to develop senior housing and parking for the staff, therefore, they were taking all of the existing parking.  The homes on Gautier Ave would be demolished and converted to parking for the faculty at the grammar school.  The net would have been $250,000 to the parish as proceeds.

Rivermayn suggested that a better opportunity would be available.  Rivermayn marketed the project on an RFP basis to the local investor/developer/broker community.  They also had an appraisal completed for of the annex on West Side Ave which determined it was worth approximately $180,000.  

After an extensive process, a developer/investor was secured.  All four properties (convent, two homes, and annex) were sold for a sale price to the parish of $15 million for the development of condo’s, apartments and retail of first class conversion and construction.
 
The difference to the parish was $1.25 million as a gentrification of the neighborhood.
 
https://www.nj.com/hudson/index.ssf/2018/05/post_965.html

jerseydigs.com/condos-proposed-for-the-st-aloysius-covent-near-lincoln-park/