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G-H: Passaic County Apt. Trading is Strong

PASSAIC, NJ-A rash of sales in Passaic County indicates investor interest is peaking, Gebroe-Hammer's Debbie Pomerantz tells GlobeSt.com

By Antoinette Martin | Updated on May 06, 2013

PASSAIC, NJ- Gebroe-Hammer Associates has arranged the sale of more than 110 apartment units in Passaic County already this year, including three commercial real estate properties in Paterson, the county seat. One broker who has handled the lion’s share of multifamily deals in the area – Debbie Pomerantz – tells GlobeSt.com that it is emerging as a “nucleus of investment interest.”

Over the last 18 months, Pomerantz has closed sales of 627 units in Passaic County with an aggregate value of just under $50 million.

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