Press Releases
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Ravenscroft Apartments, Phillipsburg, NJ -
Warren County, N.J.’s Ravenscroft Apartments Sells for $7.6M in Trade Arranged by Gebroe-Hammer Associates
December 18, 2017Complex is Uniquely Located along NJ/PA Route 22 CorridorPhillipsburg, N.J., December 18, 2017 – In Warren County’s southwestern town of historic Phillipsburg, N.J., Gebroe-Hammer Associates has arranged the $7.6 million sale of 76 units at Ravenscroft Apartments, located at 26 Fairview Ave., just off Route 22. Senior Vice President Stephen Tragash exclusively represented the seller, Ravenscroft Assoc. LLC, and procured the buyer, a … Continue reading “Warren County, N.J.’s Ravenscroft Apartments Sells for $7.6M in Trade Arranged by Gebroe-Hammer Associates”
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Hillcrest Court, East Orange, NJ -
East and West Essex County, NJ Submarkets Tally $18.35M in Gebroe-Hammer Associates Sales
November 29, 2017Essex County, N.J., November 29, 2017 – Within Essex County, N.J., Gebroe-Hammer Associates recently arranged four separate transactions totaling 150 units sold for a combined $18.35 million. The properties, which range from small-to-mid-sized urban low-rises to suburban garden-style complexes, were located throughout the East and West Essex submarkets where the average asking rent is $1,490. … Continue reading “East and West Essex County, NJ Submarkets Tally $18.35M in Gebroe-Hammer Associates Sales”
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Burlington Court Apts., Burlington City, NJ -
South Jersey Multi-Family Owners Tap Gebroe-Hammer Associates for Three Sales Totaling 896 Units/$88.85M
November 14, 2017Properties Located in Burlington, Camden West and Gloucester SubmarketsBurlington/Camden/Gloucester County, N.J., November 14, 2017 – As new multi-family development remains rare in South Jersey’s low-vacancy rate suburbs, long-time and relatively new owners have been tapping Gebroe-Hammer Associates to market their high-unit-density, pre-1980s-era garden-style apartments. The result: three recent sales in the Burlington, Camden West and Gloucester County submarkets totaling 896 units sold for … Continue reading “South Jersey Multi-Family Owners Tap Gebroe-Hammer Associates for Three Sales Totaling 896 Units/$88.85M”
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The Duchess, North Bergen, NJ -
Gebroe-Hammer Associates Finalizes $166M Sale of NJ Gold Coast’s Newest Class-A Multi-Family Hi-Rise Development
October 31, 2017Post Brothers Assumes Ownership of The Duchess in North BergenNorth Bergen, N.J., October 31, 2017 – Gebroe-Hammer Associates has finalized the $166 million sale of the Hudson Waterfront’s newest River Road luxury hi-rise, The Duchess in North Bergen, representing the developer, LWH Urban Renewal LLC of Edgewater, and the buyer, Philadelphia-based Post Brothers. Managing Director Joseph Brecher spearheaded the Gebroe-Hammer team that included Managing … Continue reading “Gebroe-Hammer Associates Finalizes $166M Sale of NJ Gold Coast’s Newest Class-A Multi-Family Hi-Rise Development”
Gebroe-Hammer Associates Brokerage Professionals Named among Top-25 Multi-Family Specialists in the Nation
Livingston, N.J., October 25, 2017 – Gebroe-Hammer Associates has once again distinguished itself as a multi-family industry leader with two brokers named to the sector’s top-25 dealmakers throughout the entire country. Among those honored was Managing Director Joseph Brecher, who was recognized as an individual for overall transaction achievements recorded between July 1, 2016 and … Continue reading “Gebroe-Hammer Associates Brokerage Professionals Named among Top-25 Multi-Family Specialists in the Nation”
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Silver Lake Garden Apartments, Belmar, NJ -
Gebroe-Hammer’s Latest Monmouth County, NJ Sale Sets New Per-Unit Price Benchmark for Pre-1970s Product within Shore Submarket
October 18, 2017Silver Lake Gardens’ 30 Units Sell for $5.7 MillionBelmar, NJ, October 18, 2017 – In a $5.7 million garden-apartment sale arranged by Gebroe-Hammer Associates, the 30-unit Silver Lake Garden Apartments has established a new per-unit price benchmark for pre-1970s-era product within Central New Jersey’s Shore submarket. The suburban seaside community is located at 104 Fifth Ave., at the easternmost point of Belmar and … Continue reading “Gebroe-Hammer’s Latest Monmouth County, NJ Sale Sets New Per-Unit Price Benchmark for Pre-1970s Product within Shore Submarket”
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Eli Rosen, Senior Vice President -
Gebroe-Hammer Associates Arranges $14M University City Multi-Family Portfolio Sale
October 6, 201783 Units/144 Beds Located in Powelton Village SectionUniversity City / Philadelphia, PA, October 6, 2017 – A distinctive, livable urban neighborhood of wide porches, tree-lined streets, restaurants and shops, University City is home to the latest Gebroe-Hammer Associates Philadelphia multi-family portfolio sale encompassing a total of 83 units and 20 properties sold for $14 million. Senior Vice President Eli Rosen, the firm’s … Continue reading “Gebroe-Hammer Associates Arranges $14M University City Multi-Family Portfolio Sale”
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1 Murray Hill Terrace, Bergenfield, NJ -
Three-Building Bergen County, NJ Portfolio Sale Arranged by Gebroe-Hammer Associates
October 2, 2017Bergenfield Properties Acquired for $6.6MBergenfield, N.J., October 2, 2017 – In the Northern New Jersey suburban submarket of Bergenfield, where apartment rents have risen by 4 percent in the past year, Gebroe-Hammer Associates has arranged the $6.6 million sale of a three-building portfolio involving 36 multi-family units, 3 commercial units and an adjacent single-family home. Executive Vice President Greg … Continue reading “Three-Building Bergen County, NJ Portfolio Sale Arranged by Gebroe-Hammer Associates”
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Suburban Manor, Ramapo, NY -
Suburban Manor Apartments in Town of Ramapo, NY Sells for $6.35M in Trade Arranged by Gebroe-Hammer Associates
September 25, 201770% Renter Population and Property Appreciation Potential Attract BuyerRamapo, N.Y., September 25, 2017 – In a suburban New York State submarket where almost 70 percent of the population is comprised of renters, Gebroe-Hammer Associates has exclusively represented the seller, Ramapo Knolls Inc., and procured the buyer, Suburban Manor LLC, in the $6.35 million sale of Suburban Manor, a garden-style apartment complex located at … Continue reading “Suburban Manor Apartments in Town of Ramapo, NY Sells for $6.35M in Trade Arranged by Gebroe-Hammer Associates”
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Summit Place Apartments, Lindenwold, NJ -
Gebroe-Hammer Associates Exclusively Reps Seller/Procures Buyer in $7.5M Sale of Summit Place in Southwest Jersey
September 13, 2017148-Unit Garden-Apartment Community Underwent Recent UpgradesLindenwold, N.J., September 13, 2017 – In the second largest of the Greater Philadelphia Metro Apartment Market’s 28 distinct submarkets – Camden West – Gebroe-Hammer Associates has arranged the $7.5 million sale of 148 units at Summit Place, a recently renovated garden-style community located at 411 E. Gibbsboro Rd., in Lindenwold. The firm exclusively represented … Continue reading “Gebroe-Hammer Associates Exclusively Reps Seller/Procures Buyer in $7.5M Sale of Summit Place in Southwest Jersey”