Gebroe-Hammer Associates
532-Unit PA/NJ Multi-Family Portfolio Sells for $33.75 Million
Whitehall, Pa./Runnemede, N.J. – 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...
53 Units Trade in Bergen/Passaic County Multi-Family Submarkets
Cliffside Park/Paterson, N.J. – With multi-family development peaking this year and next in the Northern New Jersey metro and vacancy rates remaining low, prolonged investment interest in as-is and value-add properties in the high-barrier-to-entry counties of Bergen...
Latest Newark Multi-Family Sales Spurred by High-Profile Restorations and Developments
Newark, N.J. – Newark multi-family sales are mirroring the city’s overall rebirth as value-add property acquisition opportunities raise renewed investor interest, according to the brokerage professionals at Gebroe-Hammer Associates. David Jarvis, executive vice...
$11.25 Million Sale of 75 Prospect St. Establishes New Per-Unit Price for East Orange
East Orange, N.J. – 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...
Gebroe-Hammer: Close Comparison between Shopping Center & Multi-Family Investment Demand
Hillsborough/Edison, N.J. – Drawing a close comparison to multi-family, neighborhood retail center investment is in demand throughout Central Jersey’s thriving shop/dine/ride/live corridors, according to the brokerage professionals at Gebroe-Hammer Associates. The...