LIVINGSTON, NJ—Gebroe-Hammer Associates reports it has arranged three separate multifamily transactions involving properties in Newark, Irvington and Carteret.

In Newark, Gebroe-Hammer Executive Vice President David Jarvis represented the seller and identified the buyer in the $1.215-million sale of 18 units at 158-160 Second Ave. The four-story brick façade apartment building is comprised of six one-bedroom and 12 two-bedroom units.

In Irvington, Managing Director David Oropeza arranged the sale of six multifamily units featuring two- and three-bedroom layouts at 444 Nye Ave., located near downtown, public transportation and the area's major highways, including the Garden State Parkway and I-78.

In the third multifamily deal, the firm's Managing Director Joseph Brecher represented the seller and identified the buyer in the sale of 7-11 Byron St. in Carteret. The 18-unit brick, garden-style complex sold for $1.74 million, which calculates out to just under $100,000 per unit. The U-shaped, two-and-a-half story building consists of two one-and-a-half room units, four two-and-a-half room units and 12 three-room units. All common areas and apartments were recently renovated.

“This region's industrial market, especially the port sector, has generated considerable employment momentum, and that in turn is increasing investor interest in multi-family properties and a tenant pool/consumer base comprised of hard-working individuals and heads of household,” says Ken Uranowitz, president of Gebroe-Hammer. “Each of these properties is just a few miles from the port facilities of Newark and Elizabeth, where worker demand is considerable.”

The firm also reported the brokerage team of Jarvis and Vice President Stephen Tragash brokered the trade of three retail units at 1026-1030-1036 Stuyvesant Ave., in Union. Situated between Morris Avenue and Vauxhall Road, the three storefronts house a tax preparation company, pizzeria and physical therapy practice.