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GEBROE-HAMMER BROKERS SALE OF $1.9 MILLION APARTMENT BUILDING

JERSEY CITY, N.J. — Livingston, N.J.-based Gebroe-Hammer Associates has brokered the sale of a five-story apartment building located at 169-171 Manhattan Ave. in the Jersey Heights neighborhood of Jersey City for $1.9 million. Totaling 33 units, the building contains a mix of 26 one-bedroom units, one two-bedroom and one three-bedroom unit, and five studio units. The property was acquired by River Edge Management LLC, which plans to implement a capital improvements program that will elevate its class category. Benjamin Greenstein of Gebroe-Hammer represented the seller, CEJA Realty Corp., and procured the buyer.

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