New Per-Unit Benchmark for Pre-1970s MF Product in Shore Submarket Silver Lake Garden Apartments, 104 Fifth Ave., Belmar, NJ

BELMAR, NJ—In a $5.7 million garden-apartment sale arranged by Gebroe-Hammer Associates, the 30-unit Silver Lake Garden Apartments has established a new per-unit price benchmark for pre-1970s-era product within Central New Jersey’s Shore submarket. The suburban seaside community is located at 104 Fifth Ave., at the easternmost point of Belmar and within the heart of one the state’s highest barrier-to-entry geographic regions.