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Seven Apartments Trade for $10M

East Orange, NJ-Seven urban multifamily properties have traded hands, from six separate sellers to six separate buyers.

By Sean Ryan | Updated on January 17, 2006

Sean Ryan is associate editor of Real Estate New Jersey .

East Orange, NJ-Five apartments here and two in neighboring Orange have traded in six transactions totaling 243 residential units. The combined price is $9.6 million. The six buyers and six sellers were not disclosed.

All six deals were brokered on both ends by David Oropeza, executive vice president of the Livingston-based Gebroe-Hammer Associates. “His efforts have been a factor in the emerging confidence by investors in New Jersey’s urban municipalities,” says G-H president Kenneth Uranowitz.

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