GEBROE-HAMMER ARRANGES SALE OF APARTMENT BUILDING

by admin

PATERSON, N.J. — Livingston, N.J. — Gebroe-Hammer Associates (GHA) has arranged the sale of an 18-unit garden-apartment property, located at 122-132 N. 7th St. in Paterson, for $1.47 million. The two-story building is composed of 14 one-bedroom units and four two-bedroom units. It was fully occupied at the time of closing. Jay Lombardo and Michael Petrak of GHA represented the seller, a private investor, and procured the buyer, 122-132 North 7th Street LLC. The property traded at a price of $82,000 per unit.

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