Gebroe-Hammer Associates’ Essex County Multi-family Sales Top $93 Million In Past 12 Months

August 15, 2013
Market Trends include Rising Rents and Diminished Availability of For-Sale Product

NEWARK, N.J., August 15, 2013 – Against the backdrop of steadily rising apartment rents and diminishing availability of for-sale multi-family product in Essex County, N.J., Gebroe-Hammer Associates has orchestrated more than $93 million in transactions during the past 12 months. In the latest transaction, the brokerage team of David Jarvis, executive vice president, and Stephen … Continue reading “Gebroe-Hammer Associates’ Essex County Multi-family Sales Top $93 Million In Past 12 Months”

Gebroe-Hammer Associates’ Latest Multi-family Sale Caps Off Bergen County 12-month Total At $18+ Million

July 3, 2013
Latest Transaction involves $2.025 Million Trade of 15-unit Property

LIVINGSTON, N.J., July 3, 2013 – In Bergen County, N.J., where for-sale multi-family investment properties are sparse, Gebroe-Hammer Associates has orchestrated more than $18 million in investment sales during the past 12 months. The latest trade involves the $2.025 million sale of 15 units at 82 Brinkerhoff St., in Ridgefield Park. “Historically, whenever a property … Continue reading “Gebroe-Hammer Associates’ Latest Multi-family Sale Caps Off Bergen County 12-month Total At $18+ Million”

Gebroe-Hammer Associates Arranges 10 Sales Totaling 266 Units In Essex And Hudson Counties, N.j.

June 25, 2013
Newark, Irvington, Union City and Bayonne Transactions Net Combined $13.2+ Million

LIVINGSTON, N.J. – June 14, 2013 – In 10 separate transactions, Gebroe-Hammer Associates recently arranged the sale of 261 apartment-rental units and five commercial units in New Jersey’s multi-family investment stronghold of Essex and Hudson counties. Combined, these Newark, Irvington, Union City and Bayonne properties sold for more than $13.2 million. “With rents on the … Continue reading “Gebroe-Hammer Associates Arranges 10 Sales Totaling 266 Units In Essex And Hudson Counties, N.j.”

Gebroe-Hammer Associates Arranges $1.625 Million Multi-family Sale In Passaic

May 7, 2013
12-Unit Apartment Complex Trades for more than $135,000 Per Unit

PASSAIC, N.J., May 7, 2013 – The Passaic County, N.J., multi-family market is emerging as a nucleus of investment interest as indicated by the $1.625 million sale of a 12-unit apartment complex orchestrated by Gebroe-Hammer Associates in the City of Passaic. Debbie Pomerantz, assistant vice president, represented the seller, Passaic Park Properties, and identified the … Continue reading “Gebroe-Hammer Associates Arranges $1.625 Million Multi-family Sale In Passaic”

Gebroe-Hammer Associates Completes 1031 Exchange Involving Properties In Bloomfield And Montclair

May 3, 2013
Firm Records a Total of Three Trades in Popular Essex County Commuter Hubs

BLOOMFIELD, N.J., May 3, 2013 – Gebroe-Hammer Associates, the Livingston-based investment brokerage firm specializing in multi-family transactions, engineered a 1031 Exchange involving the sale of a 39-unitBloomfield property and the acquisition of aMontclair property package. The package encompassed 29 apartment-rental units and an adjacent single-family home containing a 19-space parking lot. Gebroe-Hammer’s Ken Uranowitz, president, … Continue reading “Gebroe-Hammer Associates Completes 1031 Exchange Involving Properties In Bloomfield And Montclair”

Gebroe-Hammer Associates Arranges $2.215 Million Sale Of Winding Woods In Edison, N.j.

April 19, 2013
21 Units Strategically Located in One of Region’s Most Desirable Municipalities

LIVINGSTON, N.J.– April 19, 2013 – Multi-family investors have a penchant for Central New Jersey’s commuter-friendly locales, as evidenced by the recent $2.215 million sale of 21 units at Winding Woods in Edison. Gebroe-Hammer Associates’ Joseph Brecher, managing director, exclusively represented the seller, Winding Woods 1880 LLC, and identified the buyer. “Situated just off Route … Continue reading “Gebroe-Hammer Associates Arranges $2.215 Million Sale Of Winding Woods In Edison, N.j.”

Gebroe-Hammer Associates Arranges One Of Nj’s Highest Price-per-unit Trades With $32 Million Sale Of The Avenue At South Orange

February 26, 2013
79-Unit Luxury Building is Transit Village Cornerstone

SOUTH ORANGE, N.J. – Feb. 26, 2013 – In one of New Jersey’s most recent highest price-per-unit multi-family trades, Gebroe-Hammer Associates has arranged the $32 million sale of The Avenue at South Orange, a 79-unit luxury loft-style apartment community with 4,000 square feet of ground-floor retail space. The brokerage team of Ken Uranowitz, president; Joseph … Continue reading “Gebroe-Hammer Associates Arranges One Of Nj’s Highest Price-per-unit Trades With $32 Million Sale Of The Avenue At South Orange”

Gebroe-Hammer Associates Orchestrates Nine Essex County Trades Involving 436 Units

January 14, 2013
Retail/Office, Multi-family Sales Total $24.17 Million in Four Cities

LIVINGSTON, N.J. – January 14, 2013 – Driven by low vacancy rates and solid demographics, Essex County remains a major submarket within the tri-state area for multi-family trading activity, according to Gebroe-Hammer Associates Managing Director David Oropeza. The Livingston-based investment brokerage firm is continuing its record-setting sales pace in this market, completing eight multi-family transactions and one … Continue reading “Gebroe-Hammer Associates Orchestrates Nine Essex County Trades Involving 436 Units”

Gebroe-Hammer Associates Completes $8.675 Million In Latest Asbury Park Multi-family Trades

January 10, 2013
98-Unit Midrise and 23-Unit Garden Apartment Complexes Are Near Downtown

LIVINGSTON, N.J. – January 10, 2013 – Asbury Park is continuing its residential, economic and cultural rebound, resulting in heightened multi-family investment interest citywide, according to Steven Follman, vice president of Gebroe-Hammer Associates. The Ocean/Monmouth County area market specialist recently recorded the city’s latest apartment-building trades involving the $6.9 million sale of Kingsley Arms and … Continue reading “Gebroe-Hammer Associates Completes $8.675 Million In Latest Asbury Park Multi-family Trades”