Press Releases
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158-160 Second Ave., Newark, NJ -
Gebroe-Hammer Closes Three Separate Newark Transactions involving Four Buildings and 113 Units
September 7, 2017Latest Transaction involves 18 units in Forest Hill NeighborhoodNewark, N.J., September 7, 2017 – Newark multi-family sales are mirroring the city’s overall rebirth with value-add and “as-is” property acquisition opportunities raising 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 three separate transactions involving a total of four … Continue reading “Gebroe-Hammer Closes Three Separate Newark Transactions involving Four Buildings and 113 Units”
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Crest Ridge Apartments, West Orange, NJ -
Crest Ridge Apartments in West Orange Sells for $40.5 Million in Transaction Brokered by Gebroe-Hammer Associates
August 17, 2017Rare Acquisition Opportunity Garners a $227,528 Per-Unit PriceWest Orange, N.J., August 17, 2017 – In the suburban yet cosmopolitan Essex County township of West Orange, the premier 178-unit garden-apartment community of Crest Ridge Apartments has been sold for $40.5 million, the investment brokerage firm Gebroe-Hammer Associates announced today. Spearheaded by Executive Vice President Greg Pine, the firm’s brokerage team exclusively represented the … Continue reading “Crest Ridge Apartments in West Orange Sells for $40.5 Million in Transaction Brokered by Gebroe-Hammer Associates”
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West Belt Plaza, Wayne NJ -
Two Prominent Regional/Community Retail Centers totaling 110,000+ SF Sell for $34 Million in North Jersey
August 8, 2017Wayne/Waldwick, NJ, August 8, 2017 – As consumers continue to favor locally owned and operated lifestyle businesses as well as new, fresh national brands, North Jersey’s regional and neighborhood retail centers are standing tall in terms of investment demand, according to the professionals at Gebroe-Hammer Associates. In the latest Bergen/Passaic County retail center sales totaling … Continue reading “Two Prominent Regional/Community Retail Centers totaling 110,000+ SF Sell for $34 Million in North Jersey”
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Olympic Gardens Office Center, Brick, NJ -
Gebroe-Hammer Associates Orchestrates $10.1 Million Sale of Olympic Gardens Mixed-Use Complex in Brick, NJ
July 31, 201780 Apartment / 14 Office Units Located along In-Demand Route 88 CorridorBrick, N.J., July 31, 2017 – Olympic Gardens, a highly coveted mixed-use asset comprised of an 80-unit multi-family complex with an adjacent 14,336 SF single-story office center along Route 88, has been sold for $10.1 million in a transaction arranged by Gebroe-Hammer Associates, based in Livingston. Managing Director Joseph Brecher spearheaded the brokerage team in … Continue reading “Gebroe-Hammer Associates Orchestrates $10.1 Million Sale of Olympic Gardens Mixed-Use Complex in Brick, NJ”
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Addison at Princeton Meadows, Plainsboro Township NJ -
Gebroe-Hammer Associates Surpasses $700M in Sales of 4,000+ Units Sold in Middlesex County, NJ during Past 24 Months
July 13, 2017Plainsboro Township, N.J., July 13, 2017 – Gebroe-Hammer Associates has surpassed the 4,000+ unit multi-family sales milestone for Middlesex County, N.J. during the past 24 months, with the $73.3 million sale of Addison at Princeton Meadows in Plainsboro Township, which closed today. Joseph Brecher, managing director, arranged the sale on behalf of the seller and … Continue reading “Gebroe-Hammer Associates Surpasses $700M in Sales of 4,000+ Units Sold in Middlesex County, NJ during Past 24 Months”
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Ken Uranowitz, President -
Gebroe-Hammer Associates Hits its Stride in June with 16 Sales totaling 1,290+ Units / $181.42M for the Month
July 7, 2017Livingston, N.J., July 7, 2017 – Multi-family investments are bringing the heat, from the region’s in-demand urban downtown districts to the picturesque highland and coastal regions, according to the investment brokerage professionals at Gebroe-Hammer Associates of Livingston, N.J. In June alone, the firm’s market specialists recorded a total of 16 sales encompassing a combined 1,290+ … Continue reading “Gebroe-Hammer Associates Hits its Stride in June with 16 Sales totaling 1,290+ Units / $181.42M for the Month”
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Riverside Gardens, Rahway, NJ -
Gebroe-Hammer Associates Arranges Latest Rahway Multi-Family Sale of 30 Units in City’s Highest Appreciating Neighborhood
June 28, 2017Firm’s Union County Sales Total $83.8M / 364 units at MidyearRahway, N.J., June 28, 2017 – The Route 1/East Scott Avenue district of Rahway has distinguished itself as the highest appreciating neighborhood in the city, catching the attention of seasoned multi-family investors ready to seize virtually any value-add opportunity, according to the brokerage professionals at Gebroe-Hammer Associates. Known for its downtown revitalization and new mixed-use … Continue reading “Gebroe-Hammer Associates Arranges Latest Rahway Multi-Family Sale of 30 Units in City’s Highest Appreciating Neighborhood”
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Orchard Drive Apartments, Whitehall, PA -
532-Unit PA/NJ Multi-Family Portfolio Sold by Gebroe-Hammer Associates for $33.75 Million
June 14, 2017Whitehall, 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, including Managing Director Joseph Brecher and Executive Vice President David Jarvis, exclusively represented the seller and procured … Continue reading “532-Unit PA/NJ Multi-Family Portfolio Sold by Gebroe-Hammer Associates for $33.75 Million”
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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, 201744 Units Feature Market-Unique Layouts, Historic Art Deco Elements and Array of AmenitiesEast 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”
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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, 2017106 Units Located throughout Elmora and Downtown DistrictsElizabeth, 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”