LIVINGSTON, NJ–Gebroe-Hammer Associatesarranged four transactions involving a total of 533 units sold fora combined $26.22 million in 21 days in Essex County recently.

“Thanks to Essex County’s unique positioning in the NewYork-metro commuter corridor, this northern New Jersey marketconsistently demonstrates strong multi-family performance atcompetitive trading prices,” says Ken Uranowitz,managing director of Gebroe-Hammer. Still, Uranowitz described therecent activity as a strong “wave” of commitment from bothportfolio and single-property investors.

The largest transaction, arranged by JosephBrecher and David Oropeza, involved the$14.2 million sale of five multi-family buildings in Orange.Located at 133 and 147 Cleveland St. and 385, 394 and 431 ParkAve., the three-story elevator buildings contain a total of 236apartments including studios, one-, two- and three-bedrooms.According to Gebroe-Hammer, average rents for the area range fromabout $650 for a studio to $1,500 for three-bedrooms.