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NEWARK, N.J. — Gebroe-Hammer Associates has completed the $7.4 million sale of a three-property multifamily portfolio in the Weequahic neighborhood of Newark. The portfolio consists of 129 Chancellor Ave., a three-story, 50-unit facility; 603 Elizabeth Ave., a six-story, 55-unit property; and 595 Elizabeth Ave., a 25-unit garden apartment complex. The properties are fully occupied and feature units ranging from studios to two-bedroom, two-bathroom units. Elliot Schechter, David Oropeza and David Jarvis of Gebroe-Hammer brokered the transaction. The buyer and seller were undisclosed.

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