Gebroe-Hammer arranges two sales involving 72 apartment units in Union County, NJ

SUMMIT & PLAINFIELD, NJ — Gebroe- Hammer Associates has arranged two separate multi-family property sales for a combined $15.75 million totaling 72 units across Union County, NJ. The trades were orchestrated by executive vice presidents Niko Nicolaou and David Jarvis in the borough of Summit as well as senior vice president Adam Zweibel in Plainfield.
The larger of the two transactions involved the $12.85 million trade of Beech Spring Apartments, a 53-unit gardenstyle apartment community in Summit’s Springfield Ave. section. Situated in the northwest corner of Union County in what has become known as the Short Hills Region due to its proximity to Short Hills Mall, the 7 & 10 Beech Spring Dr. property occupies 3.59 acres within a tree-lined residential neighborhood.

 

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