WEEHAWKEN, NJ-New Jersey's Hudson County has emerged as one of Northern New Jersey’s leading multifamily investment markets for small-to-mid-sized properties, according to Gebroe-Hammer Associates of Livingston, NJ. Recently, the firm closed four separate transactions involving 110 units throughout Jersey City and Weehawken for a total of $7.42 million.

“Geographic location, along with an extensive, efficient transportation infrastructure that includes rail, highway access and water ferries to New York City, directly contributes to Hudson County’s strong apartment-rental population,” Ken Uranowitz, managing director at the firm, tells GlobeSt.com. “As a result, investors are focusing on cities like Weehawken and Jersey City, where there are opportunities to acquire existing well-maintained class B properties and even class C properties that have the potential for capital improvements and reclassification.”

In Weehawken, the Gebroe-Hammer brokerage team of Scott Callahan, vice president, and Greg Pine, senior vice president, closed the $2.5-million sale of 40 units at 3604-3608 Park Ave. in the city’s central shopping district. Located near the intersection of Park Avenue and Highwood Terrace, the two-building complex features an all-brick fa