Press Releases – Gebroe-Hammer Associates

220 Roseville Avenue, Newark, NJ: Gebroe-Hammer’s Jarvis Arranges Multi-Tranche $80+M Multifamily Portfolio Sale in Newark, NJ

May 16, 2022
484 Units/20 Buildings Located throughout North Ward’s Roseville & Broadway Neighborhoods
Newark, N.J. – In Newark’s North Ward, Gebroe-Hammer Associates Executive Vice President David Jarvis has finalized a multi-tranche $80+M multifamily portfolio sale totaling 484 units across the Gateway City. A 26-year Newark/North Jersey market specialist, Jarvis exclusively represented the unnamed seller, a private investment group, and procured the buyer, a long-time private investment client, in the … Continue reading “Gebroe-Hammer’s Jarvis Arranges Multi-Tranche $80+M Multifamily Portfolio Sale in Newark, NJ”

Northwood Estates, North Brunswick, NJ: Gebroe-Hammer Associates’ $63.5M Sale of Northwoods Estates is First Stage of Classic Multifamily 1031 Exchange

May 9, 2022
North Brunswick Garden Apartments feature 253 Spacious All-2BR/2Bath Units
North Brunswick, N.J. – As part of the first stage of a classic multifamily 1031 Exchange, Gebroe-Hammer Associates has arranged the off-market $63.5M sale of Northwood Estates Apartments, a 253-unit garden-style community located at 500 Adams Lane in North Brunswick, NJ. The firm’s Executive Vice President David Jarvis orchestrated both sides of the property swap between … Continue reading “Gebroe-Hammer Associates’ $63.5M Sale of Northwoods Estates is First Stage of Classic Multifamily 1031 Exchange”

Berkeley Ave. Apartments, Bloomfield, NJ: Gebroe-Hammer Associates Orchestrates Sale of 39-Unit 204 Berkeley Apartments in Bloomfield, NJ

April 27, 2022
Extremely Well-Located Multifamily Property Appeals to Surging Young, Educated Renter Cohort
Bloomfield, N.J. – In the heart of one of Bloomfield’s highest-appreciating neighborhoods, Gebroe-Hammer Associates has arranged the trade of 39 multifamily units at 204 Berkeley Avenue for an undisclosed price. The firm’s brokerage team of David Jarvis, executive vice president, and Ken Uranowitz, president, exclusively represented the unnamed seller, who Gebroe-Hammer represented in late 2021 in … Continue reading “Gebroe-Hammer Associates Orchestrates Sale of 39-Unit 204 Berkeley Apartments in Bloomfield, NJ”

Hawthorne Towers, Montclair, NJ: Gebroe-Hammer Associates Orchestrates $38M Sale of Hawthorne Towers in Montclair, NJ

April 1, 2022
Property trades following 52 Years of ownership
Montclair, N.J. – In the geographically desirable commuter-dominated township of Montclair, which has seven separate train stations and is 17 miles northwest of Midtown Manhattan, Gebroe-Hammer Associates has arranged the $38M sale of 133 apartment homes known as Hawthorne Towers. The firm’s Executive Managing Director Joseph Brecher and President Ken Uranowitz exclusively represented the seller, … Continue reading “Gebroe-Hammer Associates Orchestrates $38M Sale of Hawthorne Towers in Montclair, NJ”

Gebroe-Hammer Associates Kicks off New Year with $214M in January Multifamily Sales involving 1,186 Units

February 15, 2022

Properties Present New Ownership with Value-Add Opportunities

Livingston, N.J., – Gebroe-Hammer Associates has harnessed the transaction momentum of year-end 2021 by recording $214M in multifamily investment sales totaling 1,186 units during January. In the first weeks of 2022, the Livingston, N.J.-based multifamily-focused investment brokerage firm has orchestrated 17 transactions across Northern and Central New Jersey as well as Philadelphia and its surrounding … Continue reading “Gebroe-Hammer Associates Kicks off New Year with $214M in January Multifamily Sales involving 1,186 Units”

Broadway Towers, Paterson, NJ: Gebroe-Hammer’s Debbie Pomerantz Orchestrates $22.75M Sale of 114-Unit Paterson, NJ Hi-Rise

January 24, 2022
Broadway Towers Offers Central Location, Transit & Highway Connectivity
Paterson, N.J. – In Paterson, which continues to evolve from its industrial roots into a dynamic urban-core municipality, Gebroe-Hammer Associates Senior Vice President Debbie Pomerantz has arranged the $22.75M sale of a 114-unit multifamily hi-rise in the Eastside Park Historic District. The Northeast New Jersey market specialist exclusively represented the seller, 599 Broadway Management LLC, … Continue reading “Gebroe-Hammer’s Debbie Pomerantz Orchestrates $22.75M Sale of 114-Unit Paterson, NJ Hi-Rise”

Imperial House, Elizabeth, NJ: Gebroe-Hammer Associates Announces $2.02B in 2021 Multifamily Sales

January 19, 2022
Firm’s Market Specialists Orchestrate Transactions involving 12,804 Units
Livingston, N.J. – Gebroe-Hammer Associates has announced full-year 2021 sales results of $2.02 Billion. In total, the firm recorded 12,804 units sold in 124 transactions to eclipse its former all-time-high sales benchmark of $1.9B from 2019. In December alone, Gebroe-Hammer recorded 22 deals encompassing 3,462 units sold for $574M. Included in the total unit count … Continue reading “Gebroe-Hammer Associates Announces $2.02B in 2021 Multifamily Sales”

Stephen Tragash, Executive Vice President: 547-Unit Union County, NJ Mixed-Use Portfolio Trades for $82.72M in Multi-Tranche Sale arranged by Gebroe-Hammer Associates

December 2, 2021
Package includes 17 buildings, 542 apartment homes, 1 office & 4 storefronts
Union County, N.J., December 2, 2021 – Gebroe-Hammer Associates has orchestrated the $82.72M sale of a mixed-use portfolio across Union County, N.J. Executive Vice President Stephen Tragash exclusively represented the unnamed seller in the disposition and procured the buyers who are long-time clients. In total, the portfolio was comprised of 17 low-to-midrise buildings, 542 apartment … Continue reading “547-Unit Union County, NJ Mixed-Use Portfolio Trades for $82.72M in Multi-Tranche Sale arranged by Gebroe-Hammer Associates”

General Kearny Apartments, Kearny, NJ: General Kearny Apartments Sells for $36.32M in Deal Arranged by Gebroe-Hammer Associates

November 10, 2021
171-Unit, High-Profile Asset is a Neighborhood Focal Point in Hudson Pointe
Kearny, N.J., – In Kearny’s newest up-and-coming neighborhood of Hudson Pointe, Gebroe-Hammer Associates has arranged the $36.32M sale of the 171-unit General Kearny Apartments. Executive Managing Director David Oropeza and the firm’s brokerage team exclusively represented the seller, J & D General Kearny Associates, LLC, and procured the buyer, a private investor in the trade. … Continue reading “General Kearny Apartments Sells for $36.32M in Deal Arranged by Gebroe-Hammer Associates”

David Oropeza, Executive Managing Director: Executive Managing Director David Oropeza Named a 2021 Multifamily Influencer by GlobeSt / RE Forum

November 9, 2021
35-Year Urban Transit Village Specialist Named to Elite Individual Recognition List
Livingston, N.J. – Gebroe-Hammer Associates Executive Managing Director David Oropeza has been named a 2021 Multifamily Influencer by GlobeSt and RE Forum, both of which are nationally respected commercial real estate industry publications. Oropeza, a 35-year multifamily investment brokerage veteran who launched his career with Gebroe-Hammer, was nominated by firm President Ken Uranowitz and ranked among … Continue reading “Executive Managing Director David Oropeza Named a 2021 Multifamily Influencer by GlobeSt / RE Forum”