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  • Gebroe-Hammer Associates

Best of 2018: The Largest Multifamily Sale

Gateway Portfolio-Hudson County, NJ

Size: 1,272 Units Brokers: Nicholas Nicolaou (Executive VP), Joseph Brecher (Executive Managing Director) As the largest of six multi-family property packages that comprised the Gateway Portfolio, sold on behalf a single private seller, this sale involved a collection of 67 apartment buildings sold for $190.65 million. Spanning West New York (47 buildings/993 units), Jersey City (12 buildings/175 units), North Bergen (6 buildings/76 units) and Guttenberg (2 buildings/28 units), this trade registered a $150,000 per-unit price and captured the attention of sellers and buyers nationwide. Nicolaou exclusively represented the seller, a private unnamed investor, and Joseph Brecher procured the buyer, Optimum Holdings LLC.

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