NEW JERSEY — Livingston, N.J.-based Gebroe-Hammer Associates (GHA) has completed four northern New Jersey multifamily sales totaling $9.19 million The first transaction involves the $5.1 million sale of three buildings located at 2100-2102 and 2104-2110 Kennedy Blvd., and 928-930 21st St. in Union City. The properties contain a total of 68 residential units and three retail spaces. GHA's Ken Uranowitz and Scott Callahan represented the seller, a New Jersey-based investment group, and procured the buyer, a longtime GHA client. Uranowitz and Callahan also completed the $1.55 million sale of a 22-unit building located at 42 Park Ave. in Bloomfield as well as the $1 million sale of an 18-unit building located at 63 and 67 Kennedy Blvd. in Bayonne. In the Bloomfield transaction, the buyer was 42 Park Avenue Associates LLC and the seller was undisclosed. In the Bayonne transaction, the seller was Bayonne Associates LLC and the buyer was undisclosed. Finally, GHA's Joel Schwartz and Stephen Tragash completed the $1.54 million sale of a 22-unit, three-story building located at 511 North Ave. in Elizabeth. The pair represented the seller, 511 North LLC, and procured the undisclosed buyer.
GEBROE-HAMMER ARRANGES FOUR MULTIFAMILY SALES TOTALING $9.19 MILLION