The longtime owner of a 44-unit apartment complex in Philadelphia has sold the asset, in the newest of several recent deals in the city by Gebroe-Hammer Associates.
A private investor has sold a 53-unit garden apartment complex in Summit for $14.5 million, in a newly announced transaction by Gebroe-Hammer Associates.
An apartment owner has sold 83 units in Paterson for a combined $12.36 million, in a series of newly announced transactions by Gebroe-Hammer Associates.
A private investment group has sold nearly 500 apartments in Newark’s North Ward for more than $80 million, under a deal arranged by Gebroe-Hammer Associates.
The longtime owner of a 253-unit garden apartment complex in North Brunswick has sold the property for nearly $64 million, in a deal arranged by Gebroe-Hammer Associates.
The owner of a well-known, 133-unit apartment building in Montclair has sold the property after more than five decades, in a $38 million deal arranged by Gebroe-Hammer Associates.
The need for workforce housing shows no signs of fading in the year ahead, fueling continued demand from investors chasing value-add apartment deals in markets such as New Jersey.
Brokerage firm Gebroe-Hammer Associates is off to a fast start in 2022, inking the sale of nearly 1,200 apartments in New Jersey and Philadelphia across 17 transactions in January.
An affiliate of a Brooklyn-based real estate firm has sold a 114-unit apartment tower in Paterson, in a newly announced transaction by Gebroe-Hammer Associates.
