• Newark and Elizabeth properties sell for +$32

Gebroe-Hammer arranges Northern NJ urban-core apartment sales topping 349 units in December


LIVINGSTON, NJ — Multi-family investment sales in Northern New Jersey’s urban-core centers reached a 349-unit high in December in a flurry of transactions arranged by the brokerage professionals at Gebroe-Hammer Associates. The investment sales spanned Newark and Elizabeth, both of which have exhibited enduring demand and are attracting renewed interest associated with local revitalization initiatives. From Weequahic to University Heights, Newark’s multi-family investing conditions are white hot entering Q1 2019. In December, Gebroe-Hammer’s brokerage teams arranged sales involving four properties and 320 units. Executive vice president David Jarvis, the firm’s market specialist, was involved in each of the transactions. Executive vice president Nicholas Nicolaou collaborated on two of the trades at 18 Jay St., and 111 Lincoln Ave. in the Brick City.

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