Gebroe-Hammer's Pine, Uranowitz and Nicolaou complete $4.3 million sale
In Bergen County, the brokerage team of Ken Uranowitz, president; Greg Pine, senior vice president; and Nicholas Nicolaou, vice president, exclusively represented the seller, a long-time Gebroe-Hammer client, in the $4.3 million sale of 542-544 4th Ave. This is the first time in 45 years the two-building property has been marketed for sale. The 27-unit, three-story brick garden-style apartment complex, consisting of one studio, 23 one-bedroom, and three two-bedroom layouts, traded for $160,000 per unit.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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