GEBROE-HAMMER ARRANGES $10.2M SALES IN BERGEN COUNTY

HACKENSACK AND PALISADES PARK, N.J. — Gebroe-Hammer Associates has arranged two multifamily transactions in Hackensack and Palisades Park for a combined total of $10.2 million. The first transaction includes a 26-unit apartment building located at 50 Anderson St. and a 37-unit midrise building located at 430 Union St. in Hackensack, which sold for $8.6 million. The six-story Union Street property includes 16 one-bedroom, 18 two-bedroom and two three-bedroom layouts as well as one studio apartment. The five-story Anderson Street property includes 14 one-bedroom, 13 two-bedroom, and two three-bedroom units. Greg Pine and Nicholas Nicolaou of Gebroe-Hammer Associates represented the seller and the buyer in the transaction. The second transaction includes Palisades Manor, a two-story, 12-unit apartment complex in Palisades Park, which sold for $1.6 million. Greg Pine and Ken Uranowitz of Gebroe represented the seller and procured the buyer in the transaction.