Gebroe-Hammer closes four N.J. deals

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Gebroe-Hammer Associates said Thursday the real estate brokerage has closed four New Jersey multifamily property sales as part of a six-sale, four-day sales blitz.The Livingston firm exclusively represented sellers and identified buyers in the deals worth a total $36.5 million, which covered 253 units spanning New York and New Jersey, it said in a news release.

The four New Jersey deals included:

• 68 units in Gloucester County;
• 64 units in Morris County;
• 52 units in Bergen County;
• 45 units in Essex County’s Newark and East Orange.

Individual prices for the transactions were not disclosed.

“The general feeling of excitement people experience at the beginning of spring is being mirrored by what we are seeing in terms of apartment building sales,” President Ken Uranowitz said in a prepared statement. “Strong market fundamentals are driving record-setting velocity.”