RHAWNHURST, ORANGE, RAHWAY AND UNION CITY, N.J. — Gebroe-Hammer has closed multiple multifamily sales in New Jersey totaling $6.4 million. In Rhawnhurst, Eli Rosen of Gebroe-Hammer represented both the buyer and seller in the sale of Loretta Arms Apartments. Sold for $1.43 million, the two-and-a-half-story apartment complex features 30 units comprised of a mix of studio and one-bedroom units. David Oropeza, David Jarvis and Greg Pine of Gebroe-Hammer closed the $1.18 million sale of 245 Reynolds Terr. in Orange. Situated in close proximity to the Garden State Parkway, the 17-unit facility features 11 two-bedroom units and six one-bedroom units. In Rahway, Avi Oren and Steven Tenenbaum, also of Gebroe-Hammer, brokered the $600,000 sale of 1300 Fulton St. in Rahway. The new owner plans to upgrade the kitchens and bathrooms throughout the property. In addition, the firm closed three sales totaling $3.2 million in Union City. The sale comprised a combined total of 47 units.
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