4614 Park Ave., Weehawken NJ

Two Hudson County Apartment Buildings Sell for $6.3 Million in Transaction Arranged by Gebroe-Hammer Associates

June 21, 2017
Weehawken Offers Lower Cost of Living as Compared to NYC and Proximity to Transit, Shopping and Schools

Weehawken, N.J., June 21, 2017 – The township of Weehawken and its neighboring New Jersey Palisades municipalities are enticing multi-family investors now more than ever with for-sale pre- and post-World War II product primed for broader value-add appeal, according to the brokerage professionals at Gebroe-Hammer Associates. In a sale mirroring this trend, the firm’s Hudson … Continue reading “Two Hudson County Apartment Buildings Sell for $6.3 Million in Transaction Arranged by Gebroe-Hammer Associates”

Orchard Drive Apartments, Whitehall, PA

532-Unit PA/NJ Multi-Family Portfolio Sold by Gebroe-Hammer Associates for $33.75 Million

June 14, 2017

Whitehall, PA/Runnemede, NJ, June 14, 2017 – A two-property, 532-unit multi-family portfolio presenting significant value-add and repositioning potential has sold for a combined $33.75 million in a transaction arranged by Gebroe-Hammer Associates of Livingston, NJ. The brokerage team of Executive Vice President David Jarvis and Vice President Adam Zweibel exclusively represented the seller and procured … Continue reading “532-Unit PA/NJ Multi-Family Portfolio Sold by Gebroe-Hammer Associates for $33.75 Million”

319 Palisade Ave., Cliffside Park, NJ

High-Barrier-to-Entry Bergen/Passaic County Multi-Family Submarkets Fuel Latest Gebroe-Hammer Sales

June 5, 2017
53 Units Trade along Hudson Palisades and in NJ’s Third Largest City

Bergen/Passaic County, N.J., June 5, 2017 – With multi-family development peaking this year and next in the Northern New Jersey metro and vacancy rates remaining low, prolonged investment interest in as-is and value-add properties in the high-barrier-to-entry counties of Bergen and Passaic will prevail well into the foreseeable future, according to the brokerage professionals at … Continue reading “High-Barrier-to-Entry Bergen/Passaic County Multi-Family Submarkets Fuel Latest Gebroe-Hammer Sales”

66 N. 9th St., Newark, NJ

Gebroe-Hammer Reports Latest Newark Multi-Family Sales Spurred by Delivery of High-Profile Restorations and Developments

May 30, 2017
Firm’s Market Specialist Arranges Three Recent Sales in Roseville Neighborhood Alone

Newark, N.J., May 30, 2017 – Newark multi-family sales are mirroring the city’s overall rebirth as value-add property acquisition opportunities raise renewed investor interest, according to the brokerage professionals at Gebroe-Hammer Associates. David Jarvis, executive vice president and the firm’s Newark/urban market specialist, recently closed two separate transactions involving a total of three buildings and … Continue reading “Gebroe-Hammer Reports Latest Newark Multi-Family Sales Spurred by Delivery of High-Profile Restorations and Developments”

75 Prospect St., East Orange, NJ

Gebroe-Hammer Associates Establishes New Multi-Family Per-Unit-Price for East Orange with $11.25 Million Sale of 75 Prospect St., Luxury Hi-Rise

May 15, 2017
44 Units Feature Market-Unique Layouts, Historic Art Deco Elements and Array of Amenities

East Orange, NJ, May 15, 2017 – Gebroe-Hammer Associates has established a new, all-time-high price-per-unit benchmark within one of the state’s hottest urban multi-family submarkets with the $11.25 million sale of 44 luxury apartment-rental units at 75 Prospect St., in East Orange – known as the “Castle on Prospect.” Managing Director David Oropeza, the firm’s … Continue reading “Gebroe-Hammer Associates Establishes New Multi-Family Per-Unit-Price for East Orange with $11.25 Million Sale of 75 Prospect St., Luxury Hi-Rise”

Hillsborough Centre, Hillsborough NJ

Gebroe-Hammer Associates Reports Close Comparison between Neighborhood Shopping Center and Multi-Family Investment Demand

May 7, 2017
Recent Central Jersey Retail Sales top off at 132,000 SF / $18.6 Million

LIVINGSTON, N.J., May 8, 2017 – Drawing a close comparison to multi-family, neighborhood retail center investment is in demand throughout Central Jersey’s thriving shop/dine/ride/live corridors, according to the brokerage professionals at Gebroe-Hammer Associates. The Livingston-based firm recently closed a series of community shopping center transactions, approximately 132,000 square feet of which sold for a combined … Continue reading “Gebroe-Hammer Associates Reports Close Comparison between Neighborhood Shopping Center and Multi-Family Investment Demand”

232 Bidwell Ave., Jersey City, NJ

Jersey City South Portfolio Sale Arranged by Gebroe-Hammer Associates in the “Cradle of Multi-Family Investment”

April 7, 2017
Three-Building, 72-Unit Package Garners Price of $7.75 million/$107,600 Per-Unit

HUDSON COUNTY, NJ, April 7, 2017 – Hudson County’s well-established cities are not only home to a younger, workforce-age generation with an enduring preference for urban living, they also are a cradle of multi-family investment sales activity for Gebroe-Hammer Associates and the firm’s area market specialist, Senior Vice President Nicholas Nicolaou. In his latest transaction, … Continue reading “Jersey City South Portfolio Sale Arranged by Gebroe-Hammer Associates in the “Cradle of Multi-Family Investment””

Bellwood Gardens, 450-454 Walnut St., Elizabeth, NJ

Elizabeth Multi-Family Portfolio Garners $10.51 Million in Sale Arranged by Gebroe-Hammer Associates

March 31, 2017
106 Units Located throughout Elmora and Downtown Districts

Elizabeth, N.J., March 31, 2017 – Elizabeth’s high renter percentage continues to feed strong multi-family fundamentals in the city where Gebroe-Hammer Associates recently arranged the $10.51 million sale of 106 units spanning Walnut Street and Pennington and Union avenues. The brokerage team of Managing Director David Oropeza and Senior Vice President Stephen Tragash exclusively represented … Continue reading “Elizabeth Multi-Family Portfolio Garners $10.51 Million in Sale Arranged by Gebroe-Hammer Associates”

Summit Hill Apartments, Springfield, NJ

Gebroe-Hammer Associates Arranges $70 Million Sale of 228-Unit Summit Hill Apartments

March 28, 2017
Firm Exclusively Represents Seller in Eighth Deal since December, 2015

SPRINGFIELD, NJ, March 27, 2017 – Gebroe-Hammer Associates has arranged the $70 million sale of the 228-unit garden-style Summit Hill Apartments, located at 100 Stone Hill Rd., in Springfield, N.J. Executive Vice President Greg Pine along with Vice President Gehane Triarsi exclusively represented the seller and Managing Director Joseph Brecher procured the buyer, The Kushner … Continue reading “Gebroe-Hammer Associates Arranges $70 Million Sale of 228-Unit Summit Hill Apartments”

157 Halstead St., East Orange, NJ

Gebroe-Hammer Associates’ David Oropeza Closes Two Separate East Orange Multi-Family Portfolio Sales totaling 308 Units/$29.82 Million

March 27, 2017
Latest Transactions Punctuate Sales of 170 Units for $12.82M Earlier this Month

East Orange/Orange, March 27, 2017 – Just weeks after closing four multi-family in East Orange and Orange, N.J., Gebroe-Hammer Associates’ Managing Director David Oropeza has spearheaded two separate portfolio sales spanning both East Essex County cities totaling $29.29 million and 308 units. These latest trades follow sales involving 170 apartment-rental units that sold for a … Continue reading “Gebroe-Hammer Associates’ David Oropeza Closes Two Separate East Orange Multi-Family Portfolio Sales totaling 308 Units/$29.82 Million”