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LIVINGSTON, NJ–Nicholas Nicolaou, area market specialist for Gebroe-Hammer, says that while the multifamily sector slowed down a bit after Hurricane Sandy, it has picked up once again in recent days. He adds that because many homeowners are awaiting damage assessments on their homes throughout New Jersey, there is high demand for rental housing in the state and particularly in Hudson County.

Nicolaou notes that the appetite for multifamily investment deals is high due to the strong demand for rentals as well as its solid returns in relation to the current volatility on Wall Street. “Multifamily investments in densely populated urban locales throughout Hudson County offer a level of certainty in Wall Street’s uncertain investment market,” Nicolaou says. “As a result, there’s notable momentum in trading activity as well as significant opportunities for rent growth, particularly when it comes to value-add opportunities.”

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