JERSEY CITY-Hudson County continues to be one of Northern NewJersey’s most active multifamily investment markets, as reflectedby five recent property trades engineered by Gebore-HammerAssociates in Jersey City and Bayonne. The Livingston, NJ-basedfirm served as the exclusive sales broker for the sellers andbuyers in each of the separate transactions, which exceeded $6.3million and involved a total of 101 units.

In Jersey City, 92 Highland Ave., a 19-unit, four-storybuilding, sold for $1.327 million, while the adjacent 96 HighlandAve. also traded for $1.2 million. Both properties feature two-,three-, and four-room layouts. Gebroe-Hammer vice president ScottCallahan, along with Nicholas Nicolaou, area sales associate,served as the exclusive brokers for both transactions.

Nearby on Fairmount and Hoboken Avenues, Callahan and Nicolaoualso represented the sellers and procured the buyers of an 18-unitmid-rise at 332 Fairmount Ave. that sold for $1.08 million as wellas a 16-unit, $825,000-sale at 429 Hoboken Ave. Both four-story,all-brick fa

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.