• Properties span Union City, Bergenfield and Lodi

Latest Gebroe-Hammer North Jersey portfolio sale: $75 million/487 units


HUDSON & BERGEN COUNTY, NJ — In the latest Gebroe-Hammer Associates-arranged North Jersey Metro multi-family portfolio sale, the firm’s executive vice president Nicholas Nicolaou orchestrated a $75 million trade of 487 units spanning Hudson and Bergen counties. The 18 buildings were located throughout Union City as well as Bergenfield and Lodi, all of which are situated within some of the nation’s most densely populated areas. The seller was Madison Hill Properties and the buyer was a private investor. “This portfolio posed an extremely diverse architectural, building and tenant demographic mix, from urban mid-rises within one of Hudson’s County’s most vibrant waterfront municipalities to low-rise and garden-style communities situated in the heart of commuter-friendly suburban towns – all just 13 miles apart and within a short distance to New York City,” said Nicolaou. “Collectively and as individual properties, each poses an exceptional acquisition for the buyer.”

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