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Gebroe-Hammer Associates Download Word Doc: Click Here Release Date: Monday, September 24, 2007 GEBROE-HAMMER COMPLETES $5.1 MILLION SALE OF THREE MULTI-FAMILY PROPERTIES IN IRVINGTON, N.J. IRVINGTON, N.J., September 24, 2007 – Gebroe-Hammer Associates, one of the most active brokerage firms in the New Jersey tri-state region, recently completed a $5.1 million transaction involving the sale of three apartment houses in Irvington, N.J. The three 4-story buildings, located at 380, 404 and 410 Union Avenue, have a total of 100 one- and two-bedroom units. David Jarvis, vice president of Gebroe-Hammer, spearheaded the transaction, working with sales associate Elliot Schechter. The firm represented the seller and procured the buyer, both of whom are long-time Gebroe-Hammer clients. “The buyer owns several properties in the area and saw this as a good opportunity,” said Jarvis. “These buildings are well-maintained, with on-site management. The buyer was able to assume a first mortgage at a preferred interest rate.” The seller’s attorney was Larry Raiss of Feinstein, Raiss, Kelin and Booker in West Orange. The purchaser was represented by Nathan Kahan of Monsey, N.Y. “The property is situated in a very convenient location in the heart of Irvington, just down the street from bus service to downtown Newark and Manhattan,” noted Kenneth Uranowitz, managing director of Gebroe-Hammer. “In addition, with its close proximity to the Garden State Parkway and Interstate 78, residents are only a short drive from the Holland and Lincoln Tunnels.” An industry leader for more than three decades, Gebroe-Hammer specializes in the sale of multi-family, retail and commercial investment properties. The company 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 
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