B — July 12 - 25, 2013 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N ew J ersey
SEBCO The Finest In Metered Laundries Laundry Systems
261 apartment-rental units & five commercial units Gebroe-Hammer Associates arranges 10 sales in Essex
L
IVINGSTON, NJ — In 10 separate transac- tions, Gebroe-Hammer
tunity for the respective inves- tors, each of whom recognized the long-term potential,” said David Jarvis , executive vice president and area market specialist. “As the economics of the region, particularly the cities, are evolving, buyers are re-investing in these buildings with extensive renovations in order to cast their net to attract an even wider renter pool.” Gebroe-Hammer’s team of professionals provided exclu- sive brokerage services for three transactions involving well-located mid-rise proper- ties totaling 124 units in New- ark; four sales encompassing 73 units and five ground-floor retail units in Bayonne; and two trades comprised of 24 total units in Union City. Jarvis, who specializes in inner-city multi-family sales, Hall University School of Law, and Brittany Harrison and Eric Hassell of the Benjamin N. Cardozo School of Law. “All of our summer interns hit the ground running and are already doing a fantastic job,” said Cathy Keenan, Esq. , director of VLJ. “Each
exclusively repped each of the Newark sellers and iden- tified the buyers in two of the trades, while Managing Director David Oropeza iden- tified the buyer in the third transaction. Jarvis, along with President Ken Uranowitz, also exclusively represented a prominent New York bank in the sale of a note encumbered by a 40-unit property in nearby Irvington. “Proximity to Manhattan makes Essex and Hudson counties a tenant magnet for those who desire a convenient, urban setting without the high price tag of a New York City lifestyle,” added Jarvis. “Strong and stable occupancy rates continue to drive de- mand for this type of asset, attracting a growing number of investors.” n
1-800-SEBCO-88 (1-800-732-2688)
Associates recently ar- ranged the sale of 261 apar tment - rental units and five com- mercial units in New Jer- sey’s multi-
http: www.SEBCOLaundry.com e-mail stevebreitman@sebcolaundry.com
David Jarvis
family investment stronghold of Essex and Hudson counties. Combined, these Newark, Ir- vington, Union City and Bay- onne properties sold for more than $13.2 million. “With rents on the rise throughout Essex and Hudson counties, and the availability of very little for-sale multi-family product, each of these proper- ties offers a tremendous oppor- NEWARK, NJ — Volun- teer Lawyers for Justice (VLJ) welcomes six summer interns from the area’s top law schools. Interns include John Boehler and Kiera Kenniff of Rutgers School of Law-Newark, Nicole Stuver and Kyle Ulscht of Seton
intern is specializing in one of our particular programs – be it family law, consumer law, bankruptcy, special education, ReLeSe, or our new Disas- ter Legal Response Program – while also getting the oppor- tunity to learn more about our organization as a whole.” n Volunteer Lawyers for Justice welcomes six summer interns
OFFICE BUILDINGS FOR SALE OR LEASE (609) 921-7655
Woodbourne Professional, Levittown, PA • Sale Price $1.3 Million • Sizes from 850 -2,400 SF • Lease prices from $500 - $1,400 / Mo.
Subscribe Today! got issues? WE DO!
The Gatherings, Penns Park, PA • Cluster of 6 buildings / mixed use • Sizes from 850 – 2,400 SF • Lease prices from $1,000 - $3,000 / Mo. • Sale information available*
Free 3 month Trial
Hyde Park, Doylestown, PA • 2,700 SF • Lease price $3,359 / mo. • Condominium for sale*
VISIT WWW.MAREJOURNAL.COM
AND CLICK ON SUBSCRIBE
Mid Atlantic R EAL E STATE J OURNAL
* Inquire for price
Call (800) 584-1062 • Fax (781) 871-5299
www.thompsonmanagementllc.com
Made with FlippingBook Annual report