(Read more on the multifamily market.)

LIVINGSTON, NJ-In three separate transactions, apartment complexes totaling more than 100 units in three counties have been sold for a combined $8.1 million. The deals were brokered by Gebroe-Hammer Associates, based here, whose managing director says, “the sales exemplify the strength of the multifamily market in Northern New Jersey.”

In Palisades Park, sales associate Elliot Schechter, VP David Jarvis and EVP David Oropeza collaborated on the sale of 10 Henry Ave., a four-story mid-rise that was 95% occupied at the time of sale. The buyer, identified only as a “long-time Gebroe-Hammer client,” is said to own several buildings in the area. The buyer, another long-time client, sold the property as part of a 1031 exchange, according to Jarvis.

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