Gebroe-Hammer Associates
2 West Northfield Road
Livingston, NJ 07039

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Release Date: Tuesday, September 4, 2007

MAIN STREET VILLAGE IN MATAWAN, N.J. SELLS FOR $6.2 MILLION
Gebroe-Hammer Brokers Transaction Involving Six Buildings

Matawan, N.J. September 4, 2007 – Gebroe-Hammer Associates has brokered the $6.2 million sale of Main Street Village, a six-building, 56-unit garden apartment complex in Matawan, N.J. An industry leader for more than three decades, Gebroe-Hammer is among the tri-state region's most influential brokerage firms, specializing in the sale of multi-family, retail and commercial investment properties.

Situated in northern Monmouth County, Main Street Village is comprised of 40 one- and two-bedroom apartments, and 16 two-bedroom townhouses. The residential complex features such amenities as walk-in closets, laundry facilities and air conditioning. Residents enjoy close proximity to the Jersey Shore and New York City as well as easy access to the Garden State Parkway and NJ Transit.

The town is traversed by Route 34, Route 79 and County Route 516 and is accessible to Interstate 195. The complex is situated within the Matawan-Aberdeen Regional School District, comprised of seven schools within Matawan and the neighboring community of Aberdeen Township.

Alan Lieberman, vice president for Gebroe-Hammer, spearheaded the transaction working with Joseph Brecher, senior vice president. Gebroe-Hammer represented the seller, Main Street Village Inc., and procured the buyer, Cammeby’s International Ltd., New York.

“Matawan is an area on the upswing,” said Brecher. “Now is an excellent time to be involved in its real estate market.”

Carl Branciforte, Esq., of Cahill, Branciforte & Hoebich, New Brunswick, N.J., served as attorney for the seller, and Steven Fleissig, Esq., of Herrick, Feinstein LLP, Newark, N.J., represented the buyer.

“With its location on the Jersey Shoreline and its burgeoning communities, Monmouth county is one of the best places to live in the State,” said Managing Director Ken Uranowitz. “Properties like this represent great opportunities for both buyers and sellers.”

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Based in Livingston, New Jersey, Gebroe-Hammer Associates provides innovative brokerage services to a wide range of private owners, REITS, private equity firms and other institutional investors. Gebroe-Hammer’s proven track record on behalf of its clients has resulted in consistent growth every year since its inception, with a large percentage of repeat business from owners and investors. The firm’s brokerage activity encompasses diverse property categories, ranging from suburban high-rise, mid-rise and garden-apartments to retail and office properties including real estate in urban areas undergoing revitalization and redevelopment initiatives. The company’s prime geographic area of focus includes New Jersey, Pennsylvania and New York, with additional transactions nationwide as well as representation of owners located around the globe.

Gebroe-Hammer Associates
2 West Northfield Road, Suite 301
Livingston, NJ 07039
Phone: 973-994-4500
Fax: 973-994-9752