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GEBROE-HAMMER ASSOCIATES ARRANGES $8.77 MILLION MULTIFAMILY SALE

SOUTH BOUND BROOK, N.J. — Livingston, N.J.-based Gebroe-Hammer Associates (GHA) has arranged the sale of Towne Oaks, a 97-unit multifamily community located at 159 Main St. in South Bound Brook, for $8.77 million. The property contains a mix of studio, one- and two-bedroom units, each of which features an outdoor balcony or patio. Joseph Brecher of GHA represented the buyer, a North New Jersey-based 1031 investor, as well as the seller, The Lightstone Group.

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