G-H vice presidents Alan Lieberman and Scott Callahan put the deal together. Callahan also structured a financing package for the purchaser that included a new first mortgage from a New York City bank.
Bridge Avenue Square consists of four, two-story buildings containing a total of 20 apartment units and approximately 20,000 sf of retail and office space. The new owners plan to renovate the property, according to Morris Hammer, principal and co-founder of Gebroe-Hammer Associates.
Speaking to current market activity, "our sales for last year were at a level that exceeded all annual volume reports for our firm since our founding more than 25 years ago," according to Hammer. "But the numbers so far this year point to even greater sales and number of units sold than ever before.
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