Gebroe-Hammer Negotiates $36.3M Sale of Northern New Jersey Apartments

by Taylor Williams

KEARNY, N.J. — Locally based brokerage firm Gebroe-Hammer Associates has negotiated the $36.3 million sale of General Kearny Apartments, a 171-unit complex in Northern New Jersey. The seven-building property was originally constructed in 1939 and offers one-, two- and three-bedroom units ranging in size from 351 to 825 square feet. David Oropeza and Niko Nicolaou of Gebroe-Hammer represented the seller, an entity doing business as J & D General Kearny Associates LLC, in the transaction. Nicolaou also procured the buyer, a private investor. Brad Domenico of Progress Capital arranged acquisition financing for the deal.

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