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Brokerage
Posted: June 5, 2009
Gebroe-Hammer closes six deals totaling $6.4m in Philadelphia and N.J.
Gebroe-Hammer Associates has closed six separate multifamily housing transactions totaling $6.4 million. The 102 units were sold in key urban and suburban markets on behalf of undisclosed buyers and sellers in Philadelphia and North Jersey's Essex, Union and Hudson counties. The largest trade was the $1.425 million sale of Loretta Arms Apartments, located at 1901-13 Faunce St. in Philadelphia. Eli Rosen, senior VP, represented the seller and the buyer. Executive VPs David Oropeza and David Jarvis, along with Greg Pine, senior VP, closed the $1.175 million sale of the 17-unit garden apartment complex 245 Reynolds Terr., in Orange. N.J. Avi Oren, VP, and Steven Tenenbaum, assistant VP, also closed the $600,000 sale of 1300 Fulton St. in Rahway, N.J. Gebroe-Hammer also closed three transactions in Hudson County. A total of 47 units in Union City were sold for $3.2 million.
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