LIVINGSTON, NJ–Gebroe-Hammer has turned a fast-moving pipeline of multifamily properties in Passaic and Bergen counties into more than $60 million in sales in the past 18 months. All of the transactions were handled by G-H's assistant vice president Debbie Pomerantz, who has closed $19.3 million of that total in the last quarter. Pomerantz has logged 20 transactions totaling 556 units in the densely populated Northern New Jersey counties during the past 18 months.
“Under Debbie's leadership, Gebroe-Hammer has emerged as the dominant investment brokerage firm in Paterson and Passaic, as well as the high-barrier-to-entry Bergen County market,” says Ken Uranowitz, president. “Clients value her persistence, in-depth market knowledge and creative deal-structuring abilities. She has emerged as the 'broker of choice' for many long-time owners and veteran investors seeking to market or acquire a property.”
During a recent 10-day timeframe, Pomerantz arranged four separate transactions involving multi-family properties in Hackensack, Teaneck, Edgewater and Paterson. Combined, the Bergen County transactions exceeded $11 million for 75 apartment-rental units. In Paterson, the Passaic County seat, Pomerantz also represented the seller and identified the buyer in the trade of 436 E. 36th St., which garnered a per-unit price of $90,000.
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