The two-story brick building, built in 1970, has 18 one-bedroom and nine two-bedroom apartments that are fully occupied. There is tenant parking in the rear.

In Montclair, Uranowitz teamed with Jarvis to sell the four story, 22-unit elevator building at 9-11 Seymour St. for $3.655 million. That factors out to more than $166,000 per unit. Uranowitz noted.

He represented the second generation private owner and Jarvis found the buyer. The building has 18 one-bedroom and four two-bedroom units, and is adjacent to a municipal parking lot with available permit parking.

“The Montclair property had been owned by the same family since 1959, whom I've known since my very first days in the business back in 1975, and this was the first time it had become available for sale,” said Uranowitz. “Indeed, both of these properties had many-decades-long ownership in which each seller decided to capitalize on extremely favorable market conditions”.

“Available product opportunities are few and far between, and voracious demand is surging to a point where it is way outstripping supply,” he said.

Livingston-based G-H handles sales of both suburban and urban high-rise, mid-rise and garden-apartment properties throughout New Jersey, New York and Pennsylvania, including Philadelphia. It also markets mixed-use and free-standing office and retail properties.