REBusinessOnline

GEBROE-HAMMER BROKERS $12.5 MILLION MULTIFAMILY SALE

JERSEY CITY, N.J. — Livingston, N.J.-based Gebroe-Hammer Associates (GHA) has brokered the sale of five mid-rise apartment buildings located in Jersey City for $12.5 million. The buildings contain a total of 150 units and are located at 317-343 Fairmount and 62 Kensington avenues. They contain a mix of one-, two- and three-bedroom units. Occupancy was approximately 80 percent at the time of closing. GHA’s Benjamin Greenstein and Alan Lieberman represented the seller and procured the buyer. Both parties were undisclosed.

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