Brecher and Tragash of Gebroe-Hammer rep seller in $19 million sale

Gebroe-Hammer Associates has completed the $19 million sale of 251 units at Baldwin Oaks. Gebroe-Hammer was the exclusive brokerage firm for the property with the team of Joseph Brecher, executive vice president, and Stephen Tragash, sales associate, representing both the seller, AIMCO, and the buyer, a long-time Gebroe-Hammer client. Baldwin Oaks is one of several HUD-designated senior affordable and low-to-moderate income multi-family investment sales closed by Gebroe-Hammer during the past several months. Recent transactions include representing the sellers and buyers of 50 units in Bedminster, 88 units at Aspen Temple in Newark, 168 units at Cedar Street Commons in Livingston and 96 units at Preakness Commons in Wayne. Additionally, the firm is about to close on several additional HUD properties. "This transaction is yet another example of Gebroe-Hammer's depth of expertise that extends beyond the scope of a typical multi-family deal - namely the complexities of structuring HUD transactions," said Ken Uranowitz, Gebroe-Hammer's managing director. "This speaks volumes to our abilities and hands-on approach in closing these bureaucratically challenging multi-family deals."