BOGOTA, NJ-East Fort Lee Road Corp. has sold 44 multifamily units at 112-128 East Fort Lee Rd. here for $3.6 million, according to Gebroe-Hammer Associates, which represented the seller and identified the buyer, a Gebroe-Hammer client.

East Fort Lee Road Corp. has owned the building for more than 50 years, and retained Gebroe-Hammer after another firm was unable to sell the property. The deal was arranged in 75 days.

“The East Fort Lee Road property was a very unique opportunity for the buyer to acquire a mid-rise complex as part of an estate sale in the heart of Bergen County,” says Greg Pine, SVP of Livingston, NJ-based Gebroe-Hammer, in a statement. “Investors are typically drawn to these types of properties due to the area’s strong working-class family demographic, proximity to employment centers like New York City and access to mass transit links and the area’s highway infrastructure, all of which support steady occupancy rates.”