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Gebroe-Hammer Records Seven North Jersey Multifamily Sales Netting $8M

LIVINGSTON, NJ-Transactions Include 138 Units in Bergen, Essex, Hudson and Union Counties.

By Antoinette Martin | Updated on March 08, 2012

LIVINGSTON, NJ-Multifamily sales have stayed brisk over the first two months of 2012 in New Jersey’s northern counties, where Gebroe-Hammer Associates is averaging one deal per week. The firm’s brokers recently recorded seven separate transactions, involving a total of 138 units sold for $8.34 million, in Bergen, Essex, Hudson and Union counties.

“Northern New Jersey remains a vastly in-demand, competitive market for multi-family investments because of the region’s sheer number of units and strong occupancy rates that consistently outpace the national average,” says Ken Uranowitz, managing director for Livingston-based Gebroe-Hammer.

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