37
NEWARK, N.J. — Livingston, N.J.-based Gebroe-Hammer Associates has arranged the sale of Oliver Place Apartments, a 58-unit multifamily community located in Newark, for $2.95 million. Oliver Place is a five-story, mid-rise building situated at 469 Elizabeth Ave. in the city’s Weequahic Park neighborhood. It contains a mix of one-, two- and three-bedroom units, and occupancy was 95 percent at the time of closing. Gebroe-Hammer’s David Jarvis represented the seller, Elizabeth Avenue Associates Corp., and procured the buyer, 469 Associates LLC.