An investment group has paid $19.2 million for a 100-unit luxury rental building in Monroe Township, Gebroe-Hammer Associates announced Wednesday.
A buyer has paid $55 million for a 232-unit garden apartment complex in New Providence, in a deal arranged by brokers with Gebroe-Hammer Associates.
Two multifamily properties in Asbury Park have changed hands for more than $9 million, one of three Jersey Shore-area deals arranged recently by Gebroe-Hammer Associates.
Private investors have acquired a set of apartment high-rises in East Orange, paying $27.15 million for nearly 250 units in one of the city’s main thoroughfares.
A team of brokers with Gebroe-Hammer Associates is marking more than $330 million in sales brokered over the past 18 months, a deal volume that includes more than 1,700 units.
Gebroe-Hammer Associates has brokered more than 100 multifamily deals totaling some $1.4 billion in value through the first three quarters of 2016, the firm announced.