From left: Stephen Tragash, Nicholas Nicolaou and Adam Zweibel, all of Gebroe-Hammer Associates
By Joshua Burd
Gebroe-Hammer Associates has promoted three of its top-producing brokers to new executive management positions, following what the firm says was another banner year.
The investment sales brokerage announced Monday that Stephen Tragash and Nicholas Nicolaou are now executive vice presidents, while Adam Zweibel was named senior vice president. In unveiling the new titles, firm President Ken Uranowitz said the brokers “have significantly contributed toward raising Gebroe-Hammer’s sales benchmarks year after year and have paved the way for even greater personal and firm-wide success in 2019 and beyond.”
“Once again, 2018 was a banner year for Gebroe-Hammer Associates,” Uranowitz said. “No other firm can compete at our level in the apartment-building sales category, especially in the New Jersey, eastern Pennsylvania and New York State region. These much-deserving individuals are standouts in their own right in the multifamily sales industry.”
Tragash and Nicolaou joined the Livingston-based firm as sales associates in 2006 and 2010, respectively, and are among the region’s most active investment sale brokers in the apartment sector. Their deals have included new construction Class A properties to Class B and C assets with value-add and property repositioning potential.
In a news release, Gebroe-Hammer touted Tragash’s record-breaking activity in Union County, along with Hunterdon and Sussex counties and parts of Morris County. The firm also pointed to his many high-profile transactions and activity in a region where velocity of multifamily trades have been historically low.
Tragash represents a wide range of first-time and long-term clients, with total sales during the past 12 years involving more than 100 deals and 7,000 units.
“Since day one, Steve has stood out for his affable personality, impressive intellect and tenaciousness, which are evident to all with whom he works,” said Uranowitz, who announced the promotions at the firm’s recent 43rd anniversary reception at Crestmont Country Club in West Orange.
Nicolaou, meantime, has closed three dozen deals in northern New Jersey over the past 18 months with a combined volume of more than 3,600 units and $800 million in value.
“Property owners seek Niko out because he possesses rare character traits — expert knowledge of the Hudson County market, a strong work ethic and a down-to-earth personality without a trace of arrogance or ego normally associated with such success,” Uranowitz said.
Since joining Gebroe-Hammer as a sales associate in 2013, Zweibel, has developed a niche in central and southern New Jersey, the news release said. In five years, he has closed 56 deals amounting to more than 6,000 units and $770 million in sales.
“Adam has quickly risen through the ranks because he is a quick learner, has advanced technological skills and leaps over any obstacles that get in his way,” Uranowitz said.
Gebroe-Hammer serves a client roster that includes private family offices and owners, real estate investment trusts, private equity funds and other institutional investors. In addition to suburban and urban apartment buildings, the firm markets mixed-use and freestanding office and retail properties.