Nicolaou and Tragash of Gebroe-Hammer arrange two sales totaling $6.7 million

Gebroe-Hammer Associates has orchestrated the sale of two mixed-use properties with a combined value of $6.7 million. The transactions include the trade of an apartment/office property in Union City and a retail/office property in Elizabeth. The Union City property, consisting of 34 apartment-rental units and one office unit at 812 New York Ave., sold for $6.025 million. Gebroe-Hammer VP Nicholas Nicolaou represented both the seller and the buyer in the transaction. The 134 Elmora Ave. property in Elizabeth, was arranged by VP Stephen Tragash, who represented the seller, an out-of-state, long-time owner, and procured the buyer. The two-story property's ground-floor retailers are Edible Arrangements and Elmora Jewelers, with an office unit on the second floor. "While exclusively representing the seller, we were able to identify the buyer, who was able to act immediately," said Tragash. "This rapid closing is an indication of how quickly many properties are changing hands in today's market."