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Gebroe-Hammer Arranges $11.3M Sale of Apartment Complex in East Orange, New Jersey

Castle on Prospect is located at 75 Prospect St. in East Orange, N.J.

Castle on Prospect is located at 75 Prospect St. in East Orange, N.J.

EAST ORANGE, N.J. — Gebroe-Hammer Associates has arranged the $11.3 million sale of 44 apartment units at 75 Prospect St. in East Orange. The property is known as Castle on Prospect. Gebroe-Hammer’s David Oropeza represented the seller and procured the buyer, a longtime East Orange investor, in the transaction. Built in the late 1920s, the property includes three two bedroom/one bath units, three two bedroom/two bath units, 21 three bedroom/two bath units, 17 four bedroom/three bath units and one five bedroom/four bath unit.

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