GEBROE-HAMMER NEGOTIATES FOUR MULTIFAMILY SALES TOTALING $23.8M

WILKES BARRE, PHILADELPHIA AND CHESTER, PA. — Livingston, N.J.-based Gebroe-Hammer Associates has brokered the sales of four multifamily transactions totaling $23.8 million and 486 units. In Wilkes Barre, Gebroe-Hammer’s Joseph Brecher and David Oropeza represented the seller and buyer of Sherman Hills, a 344-unit apartment community. The property sold for $15.7 million as part of a Housing Assistance Payment (HAP)/Housing Urban Development (HUD) contract. Located at 7900-7922 Fairfield St. in Philadelphia, the 64-unit Fairfield Apartments sold for $3.5 million. Brecher and Eli Rosen of Gebroe-Hammer arranged the transaction. Also located in Philadelphia, the 42-unit Arborwood Duplexes sold for $2.4 million. Rosen represented the seller and identified the buyer in the transaction. Finally, the company brokered the sale of Liberty Walk Apartments in Chester’s Sunnyside section. Located at 500 E. 24th St., the 36-unit property sold for $2.2 million.