WEEHAWKEN, NJ-New Jersey's Hudson County has emerged as one ofNorthern New Jersey’s leading multifamily investment markets forsmall-to-mid-sized properties, according to Gebroe-HammerAssociates of Livingston, NJ. Recently, the firm closed fourseparate transactions involving 110 units throughout Jersey Cityand Weehawken for a total of $7.42 million.


“Geographic location, along with an extensive, efficienttransportation infrastructure that includes rail, highway accessand water ferries to New York City, directly contributes to HudsonCounty’s strong apartment-rental population,” Ken Uranowitz,managing director at the firm, tells GlobeSt.com. “As a result,investors are focusing on cities like Weehawken and Jersey City,where there are opportunities to acquire existing well-maintainedclass B properties and even class C properties that have thepotential for capital improvements and reclassification.”


In Weehawken, the Gebroe-Hammer brokerage team of ScottCallahan, vice president, and Greg Pine, senior vice president,closed the $2.5-million sale of 40 units at 3604-3608 Park Ave. inthe city’s central shopping district. Located near the intersectionof Park Avenue and Highwood Terrace, the two-building complexfeatures an all-brick fa

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