Press Releases
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130-132 N. 3rd St., Paterson, NJ -
Gebroe-Hammer Associates Arranges $17M Sale of 9-Building, 133-Unit Apartment Portfolio across Paterson and Passaic, NJ
January 5, 2021Properties Primed for Value-Add Repositioning Associated with Area’s RenaissancePaterson/Passaic, N.J., January 5, 2021 – Gebroe-Hammer Associates has announced the $17M sale of a nine-property, 133-unit collection of early-20th-Century apartment buildings strategically situated in North Jersey’s Passaic County. The transaction was arranged by Senior Vice President Debbie Pomerantz, who exclusively represented the seller, Golden Equities LLC, and procured the buyer, an unnamed private investor. … Continue reading “Gebroe-Hammer Associates Arranges $17M Sale of 9-Building, 133-Unit Apartment Portfolio across Paterson and Passaic, NJ”
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Ken Uranowitz, President -
Gebroe-Hammer Records $164M in September/October Sales
November 24, 2020Projected Transaction Closings Expected to Mirror Year-End Surges of Past YearsLivingston, N.J., November 24, 2020 – Multifamily continues to fare much better than its office and retail counterparts in the current protracted COVID environment, with investment sales remaining steady according to the investment brokerage professionals at Gebroe-Hammer Associates. During September and October, the Livingston, N.J.-based firm has recorded $164M in transactions involving over 1,030 units … Continue reading “Gebroe-Hammer Records $164M in September/October Sales”
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The on-market Garden State Portfolio includes 357 West End Ave., Elizabeth, NJ -
406-Unit Multifamily Portfolio in Receivership Comes to Market
October 26, 202029 Buildings Span New Jersey’s North, Central and Southern MetrosLivingston, N.J., October 26, 2020 – Gebroe-Hammer Associates has been appointed as the exclusive listing agent to market the in-receivership Garden State Portfolio, a 406-unit, 29-building collection of apartment properties spanning the entire state of New Jersey. Executive Managing Director Joseph Brecher is spearheading the assignment, which was awarded by Colliers International as receiver. Comprised … Continue reading “406-Unit Multifamily Portfolio in Receivership Comes to Market”
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Palmyra Arms, 50 W. Broad St., Palmyra, NJ -
Gebroe-Hammer Associates Reports Monmouth-to-Burlington County Corridor is Humming with Multifamily Investment Interest
October 15, 2020Firm Market Specialists Record $114.55M in Two-County Sales since Start of YearMonmouth/Burlington County, N.J., October 15, 2020 – Known as one of New Jersey’s fastest growing and rapidly developing transit gateways, the I-195/I-295 Monmouth-Burlington County corridor is buzzing with multifamily investment interest and an ever-expanding tenant pipeline, according to the market specialists at Gebroe-Hammer Associates. Since the start of the year, the firm has arranged five … Continue reading “Gebroe-Hammer Associates Reports Monmouth-to-Burlington County Corridor is Humming with Multifamily Investment Interest”
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West Bank Apts, 181 River Rd, Nutley, NJ -
West Bank Apartments in Nutley, NJ Trades in $19M Off-Market Transaction arranged by Gebroe-Hammer Associates
September 29, 2020108-Unit midrise is at the center of the state’s newest medical, bio-tech and commercial corridorNutley, N.J., September 29, 2020 – Gebroe-Hammer Associates has built its multifamily investment brokerage business and reputation during the past 45 years on long-term client relationships – a practice that came into play recently when the Livingston, N.J.-based firm arranged the $19M off-market sale of West Bank Apartments in Nutley. In the sale, Niko Nicolaou, … Continue reading “West Bank Apartments in Nutley, NJ Trades in $19M Off-Market Transaction arranged by Gebroe-Hammer Associates”
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Niko Nicolaou, Executive Vice President -
Gebroe-Hammer’s Niko Nicolaou Records $75.49M / 218 Multifamily Units Sold along NY Metro’s Hudson Waterfront during June & July
September 2, 2020Market Specialist Keeps Deals on Track in COVID-19 EconomyHudson County, N.J. – Since March, it seems wherever there is a multifamily investment opportunity in Hudson County, N.J., Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou is at the helm. During this time – which coincides with the complete economic halt and gradual reboot associated with COVID-19 – the firm’s Hudson County/North Jersey market specialist kept … Continue reading “Gebroe-Hammer’s Niko Nicolaou Records $75.49M / 218 Multifamily Units Sold along NY Metro’s Hudson Waterfront during June & July”
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400 Passaic Ave, East Newark, NJ -
Gebroe-Hammer Associates Arranges $19.5M Sale of the St. George Harrison Apartments in Hudson County’s East Newark
August 18, 2020Newly Constructed Apartment Building Features 60 Market-Unique Class A Units and Rooftop TerraceEast Newark, N.J., August 18, 2020 – Gebroe-Hammer Associates has arranged the $19.5M sale of St. George Harrison Apartments, a newly developed 60-unit midrise in the Hudson County borough of East Newark, N.J. Executive Vice President Niko Nicolaou, the firm’s Hudson County market specialist, exclusively represented the seller, Madison Hill Properties, and Senior Vice President … Continue reading “Gebroe-Hammer Associates Arranges $19.5M Sale of the St. George Harrison Apartments in Hudson County’s East Newark”
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88-94 Tonnelle Ave., Jersey City, NJ -
Gebroe-Hammer’s Niko Nicolaou Orchestrates $9.75M Sale of Two-Property Multifamily Portfolio in Journal Square / Jersey City, NJ
August 10, 2020Value-Add Assets Offer New Ownership Repositioning OpportunityJournal Square / Jersey City, N.J., August 10, 2020 – In the heart of Jersey City’s trendy and newest revitalized neighborhood – Journal Square – Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou has arranged the $9.75M sale of a two-property multifamily portfolio. Combined, 618-620 Summit Ave., and 88-94 Tonnelle Ave., consist of 57 units that … Continue reading “Gebroe-Hammer’s Niko Nicolaou Orchestrates $9.75M Sale of Two-Property Multifamily Portfolio in Journal Square / Jersey City, NJ”
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The Fairmount at McGinley Square, Jersey City, NJ -
Gebroe-Hammer’s Niko Nicolaou Arranges $23.75M Sale of the Fairmount at McGinley Square in Jersey City’s Newest Budding Neighborhood
July 27, 2020Core Multifamily Asset Features 58 Apartment Homes & 3,200 SF Commercial SpaceJersey City, N.J. – In one of Jersey City’s most popular budding multifamily investment submarkets, Gebroe-Hammer Associates has arranged the $23.75M sale of The Fairmount at McGinley Square, featuring 58 newly constructed Class A apartment homes atop 3,200 SF of prime commercial space. Executive Vice President Niko Nicolaou exclusively represented the seller, KABR Group, and procured … Continue reading “Gebroe-Hammer’s Niko Nicolaou Arranges $23.75M Sale of the Fairmount at McGinley Square in Jersey City’s Newest Budding Neighborhood”
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475 Avenel Ave., Avenel Section of Woodbridge, NJ -
Gebroe-Hammer Associates Reports $458.79M in Multifamily Sales at Midyear 2020
July 16, 20203,009 Units Trade in 33 Deals across North, Central and South Jersey/Greater Philadelphia MetroLivingston, N.J., – A strong Q1 for Gebroe-Hammer Associates and an agile approach to finalizing multifamily sales transactions during COVID-19’s Q2 have yielded an impressive total of 33 deals sold for $458,791,000 and 3,009 units at the midyear mark for the Livingston, N.J.-based investment brokerage firm. Nationally ranked as a leader in the apartment-property sales … Continue reading “Gebroe-Hammer Associates Reports $458.79M in Multifamily Sales at Midyear 2020”