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737-745 N. Broad St. in Elizabeth, NJ recently changed hands in a $10.25-million deal. 737-745 N. Broad St. in Elizabeth, NJ recently changed hands in a $10.25-million deal.

ELIZABETH, NJ—Thanks to what it terms as a “seemingly endless tenant pipeline,” investment activity in the urban multifamily markets of Elizabeth, East Orange and Orange, NJ markets have been very strong of late, according to investment brokerage firm Gebroe-Hammer Associates.

The Livingston, NJ-based firm reports that in the past 12 weeks it has arranged 11 urban-core sales totaling more than $36.85 million that involved more than 226 units spanning Elizabeth, East Orange and Orange markets.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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