AT A GLANCE
2 West Northfield Road
Livingston, NJ 07039
Year founded: 1975
Number of brokerage and support professionals in New Jersey: 18
Areas of expertise in real estate: Specializing in multifamily-focused investment brokerage sales with an additional focus on marketing mixed-use and freestanding office and retail properties
President
OUR CLIENTS
Private equity funds, institutional investors as well as generations of family offices and private individuals
ON THE HORIZON
While apartment assets have traditionally separated themselves from their CRE counterparts due to an inherent function as shelter, they continue to record positive metrics — even in times of correction. As proven these past three years, multifamily reaches new heights during economic peaks and maintains solid ground in recessionary times.
Multifamily is well on its way to a comeback in the aftermath of breakneck interest-rate increases since early 2022. Because of multifamily’s resilience, investors are making a measured re-entry with a renewed sense of optimism. In response, we have been growing our investor relationships, particularly on the private equity and institutional investor front. At Gebroe-Hammer, we also are committed to strengthening decades-long private individual and family office connections — the backbone of New Jersey’s multifamily sector — and developing our internal talent pool to cast a wider net throughout New Jersey, Eastern Pennsylvania and New York State.
TRANSACTION SPOTLIGHT
Gebroe-Hammer Associates has built its multifamily investment brokerage business and reputation during the past 48 years on long-term client relationships — a practice that came into play recently when we arranged the $19.8M off-market sale of Grand Lee Apartments in Leonia. In the transaction, our firm’s brokerage team exclusively represented the longtime owner/seller, Fairlawn CO, and identified/procured the buyer, an unnamed private investor.
The transaction wheels were set in motion when the buyer, an active client of the firm, expressed interest in expanding their multifamily portfolio into North Jersey. Already active across Central New Jersey and the South Jersey/Greater Philadelphia Metro, the private investor sought to gain entry into North Jersey in general and specifically Bergen County, a longtime multifamily powerhouse where for-sale product has been and continues to be traditionally limited. We successfully brought both parties together from offer to closing in 3 months.
