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EAST ORANGE, NJ-New Jersey’s urban markets, including Essex County, remain the front-runner in terms of multifamily investment transaction volume, according to Gebroe-Hammer Associates. Recent highlights include the trade of 418 total units throughout East Orange with a combined value of more than $17 million. The sellers and buyers in the multiple transactions were represented exclusively by David Oropeza, executive vice president, who led Gebroe-Hammer’s brokerage teams.

“Properties in East Orange and other urban centers countywide have weathered the economic downturn with higher rates of occupancy and rentals than the national average,” Oropeza tells GlobeSt.com. “The combination of a high population density, high concentration of job opportunities and easily accessible transportation continues to make this market among the most attractive in the state.”

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