JERSEY CITY-Hudson County continues to be one of Northern New Jersey’s most active multifamily investment markets, as reflected by five recent property trades engineered by Gebore-Hammer Associates in Jersey City and Bayonne. The Livingston, NJ-based firm served as the exclusive sales broker for the sellers and buyers in each of the separate transactions, which exceeded $6.3 million and involved a total of 101 units.
In Jersey City, 92 Highland Ave., a 19-unit, four-story building, sold for $1.327 million, while the adjacent 96 Highland Ave. also traded for $1.2 million. Both properties feature two-, three-, and four-room layouts. Gebroe-Hammer vice president Scott Callahan, along with Nicholas Nicolaou, area sales associate, served as the exclusive brokers for both transactions.
Nearby on Fairmount and Hoboken Avenues, Callahan and Nicolaou also represented the sellers and procured the buyers of an 18-unit mid-rise at 332 Fairmount Ave. that sold for $1.08 million as well as a 16-unit, $825,000-sale at 429 Hoboken Ave. Both four-story, all-brick fa
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