GHA BROKERS $16.17 MILLION MULTIFAMILY PORTFOLIO SALE

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JERSEY CITY, N.J. — Gebroe-Hammer Associates has brokered the sale of a 10-building, 306-unit multifamily portfolio. A local private investor purchased the portfolio for $16.17 million. The properties are located in the Journal Square and Greenville neighborhoods of Jersey City at 150 and 154-156 Belmont Ave.; 546 Bergen Ave.; 201 Claremont Ave.; 164 Clinton Ave.; 9, 11-13 and 15-21 Gifford Ave.; 35 Kensington Ave.; and 58 Van Reypen St. The buildings are all mid-rise and contain a mix of studio to four-bedroom units. Ken Uranowitz and Nicholas Nicolaou of Gebroe-Hammer represented the buyer as well as the seller, Morningside Ridge LLC.

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