Gebroe-Hammer reports Monmouth-to-Essex County Corridor draws $20.33M in recent multi-family sales
CENTRAL/NORTH JERSEY, NJ — Within the high-population-density Monmouth-East Essex County corridor, Gebroe-Hammer Associates recently arranged five separate multi-family trades involving a total of 117 apartment-rental units and three commercial units sold for a combined $20.33M. Senior vice president Adam Zweibel was involved in four of the trades spanning Bradley Beach (Monmouth County), Cranford (Union County) and Newark and Irvington (Essex County). The fifth was orchestrated by executive managing director David Oropeza in East Orange while executive vice president David Jarvis represented the seller and Zweibel procured the buyer in the Cranford sale. In each of the transactions Gebroe-Hammer exclusively represented the separate sellers and identified the buyers. The trades included: • Oropeza brokering the $6.65M sale of 40 units at 57-73 S. Walnut St., East Orange on behalf of the seller, Nova EO Portfolio I LLC, and the buyer, JBC Land LLC.