HACKENSACK, N.J-Gebroe-Hammer has recently arranged the sale ofthree apartment complexes in Bergen County, fetching a total of$10.25 million, GlobeSt.com has exclusively learned.
The brokerage team of Greg Pine and Nicholas Nicolaouexclusively represented the seller and found the buyer for 50Anderson St. and 430 Union St., both in Hackensack. The 29-unit and37-unit mid-rise buildings traded for a total of $8.65 million.G-H's president, Ken Uranowitz, had originally sold the twoproperties to the seller in 1984.
“With interest rates at all-time lows and demand at recordlevels, especially in high-barrier locations, the seller chose tocapitalize on healthy multi-family investment fundamentals,” saidPine.
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