Intelligent, affable, tenacious – the list of terms commonly used by multi-family property owners and investors to describe Gebroe-Hammer Associates’ Executive Vice President Stephen Tragash is seemingly endless. Such praise is hard-earned and well-deserved by one of the North Jersey Metro’s most prominent and persistent apartment-market specialists. Since the earliest days of the Great Recession when he started at Gebroe-Hammer, Tragash has employed his trademark approach to
SUSSEX, NJ — In the heart of the Borough of Sussex in Sussex County, Gebroe-Hammer Associates’ Stephen Tragash, executive vice president, has arranged the $16.59 million sale of 134 multi-family units at Alpine Village Apartments in Wantage. The transaction, in which Tragash represented the seller, Alpine Village Apartments LLC, and procured the buyer, a private investor, also included a 17-acre land parcel for the construction of additional units.
Located at 4 Center St. i
SUSSEX COUNTY, NJ — In New Jersey’s northwestern corner where apartment-rental living edges out homeownership among the population base, Gebroe-Hammer Associates has arranged the $17.9 million sale of 168 units at Landmark West Apartments. The brokerage team of Stephen Tragash, executive vice president, and Adam Zweibel, senior vice president represented the seller, Newton West Limited, and procured the buyer, a private investor.
Located at 100 Swartzwood Rd., Landmark Wes
LIVINGSTON, NJ — Gebroe-Hammer Associates, the nationally ranked multi-family investment sales brokerage firm, has promoted three of its top-producing brokers to new executive management positions, announced Ken Uranowitz, president. Stephen Tragash of South Orange and Nicholas Nicolaou of Ocean Township were named executive vice presidents and Adam Zweibel of Livingston was named senior vice president.
“Once again, 2018 was a banner year for Gebroe-Hammer Associates. No ot
UNION COUNTY, NJ — At a time when Union County multi-family property owners are commanding higher concession-free rents than in the past, a flurry of long-term owners are “seizing the state of the bull market” to shed their assets, according to Gebroe-Hammer Associates’ Ken Uranowitz, president. This trend spans the entire submarket, from urban centers like Elizabeth and Rahway to suburban bedroom communities such as Roselle Park.
Within a relatively short time period, the f
How do you contribute to your company and/or the industry? Since joining Gebroe-Hammer in 2006, my focus has been the full spectrum of New Jersey’s multi-family housing stock – from suburban out-commuter and rural bedroom-community apartment complexes in Morris and Sussex counties to urban high-rises in Union County. In total, I’ve spearheaded over $800M in transactions involving 5,000+ units within these submarkets throughout my career and have contributed significantly towa
Phillipsburg, NJ — In Warren County’s southwestern town of historic Phillipsburg, Gebroe-Hammer Associates has arranged the $7.6 million sale of 76 units at Ravenscroft Apartments, located at 26 Fairview Ave., just off Route 22. Senior vice president Stephen Tragash represented the seller, Ravenscroft Assoc. LLC, and procured the buyer, a private investor, in the transaction.
“Phillipsburg is the heart and soul of Warren County and a geographic extension of the Easton/Bethl
Essex County, NJ — Within Essex County, Gebroe-Hammer Associates recently arranged four separate transactions totaling 150 units sold for a combined $18.35 million. The properties, which range from small-to-mid-sized urban low-rises to suburban garden-style complexes, were located throughout the East and West Essex submarkets where the average asking rent is $1,490.
“Essex County ranks third overall in the North Jersey metro – behind Hudson and Bergen Counties – in terms o
LIVINGSTON, NJ — Central and Northern New Jersey are figuring prominently on the state’s multi-family investment landscape, leading with some of the region’s most noteworthy transactions arranged by Gebroe-Hammer Associates. During the third quarter alone, the Livingston-based investment brokerage firm recorded sales totaling more than $333 million involving 1,270 units spanning Morris, Somerset and Union counties. Each of the six separate transactions involved suburban apart
LIVINGSTON, NJ — Known for coming in like a lion, March went out with a boom with almost $100 million in multi-family transactions arranged by Gebroe-Hammer Associates. The 13 trades involved a total 816 units located within the Northern and Southern New Jersey/Philadelphia corridor, extending from Sussex to Bucks County. “The multi-family investment trading pace continues to be unprecedented, which is atypical for the first quarter of the year,” said Ken Uranowitz, Gebroe-Ha
PLAINFIELD, NJ — In the Plainfield/Union County, NJ, multi-family market, rent growth and occupancy rates are at their strongest levels in years, according to the brokerage professionals at Gebroe-Hammer Associates, which recently arranged two trades involving a total of 60 units. Gehane Triarsi, area market specialist, reports both buyers plan to render the properties more competitive in a city that had its highest-ever recorded population increase between the 2000 and 2010
BELLEVILLE, NJ — In the Township of Belleville, where asking prices for multi-family properties continue to trend upward, Gebroe-Hammer Associates has arranged three trades totaling $9.2 million/108 units along Washington Ave. in the past 12 months. The brokerage team of managing director Joseph Brecher and senior vice president Nicholas Nicolaou represented the seller and procured the buyer in the most recent transaction, the $4.375 million sale of 43 units at 574-582 Washin