Real Estate Journal — New Jersey — May 10 - 23, 2019 — 3B
www.marejournal.com
M id A tlantic
N ew J ersey Honor caps off numerousmilestones &acknowledgements Gebroe-Hammer’s Nicolaou earns Salesperson of the Year
AllendaleTown Center, Allendale, NJ
Walgreens Shopping Center, Fairreld, NJ
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As follow-up to this ground- breaking transaction, Nicolaou has recorded 24 sales/nearly 3,000 units/$400+ million from Q1 2018 to Q1 2019. The latest includes a $75M trade of 487 units/18 buildings throughout Hudson and Bergen counties on behalf of Madison Hill Properties. The buyer was a private investor. A consistent top-producer among his competitive set, Nicolaou joined Gebroe-Ham- mer following a few years with a Fortune-500 commercial real estate brokerage and investment firm. During his tenure with Gebroe-Hammer,
he has been promoted from sales trainee to assistant vice president, vice president and senior vice president. Late last year, he was named an ex- ecutive vice president and now mentors the next generation of Gebroe-Hammer multi-family investment brokerage profes- sionals. “My late father once told me to figure out who the best and the brightest in the invest- ment brokerage industry were and to join them so I could soak up all their wisdom,” said Nicolaou. “These very words led me to Gebroe-Hammer continued on page 14B
IVINGSTON, NJ — It has been quite a year for Gebroe-Hammer
Associates’ N i c h o l a s N i c o l a o u , t h e mu l t i - f am i l y i n - v e s t m e n t b r o k e r a g e firm’s Hud- son County/ North Jersey
The Shoppes at North Brunswick, North Brunswick, NJ
Neptune Plaza Shopping Center, Neptune, NJ
Nicholas Nicolaou
market specialist. Named to three rising-star Under-40 lists and recognized for brokering last year’s largest multi-family transaction within the New Jersey to Washington DC cor- ridor, Nicolaou also has added his firm’s Salesperson of the Year honor to his latest ac- colades. Named in memory of the firm’s late founders, Mel Ge- broe and Morris Hammer, the annual peer-selected Salesper- son of the Year award recogniz- es one brokerage professional for exceptional, consistent sales performance. Nicolaou is a two-time recipient. “Niko’s name is now as- sociated with virtually every multi-family investment trans- action, regardless of unit count or dollar value, in Hudson County – from North Bergen to Hoboken and Jersey City to Bayonne,” said KenUranowitz, president of Gebroe-Hammer who has been with the firm since its inception 44 years ago. “Since joining us in 2009 as a trainee in his early 20s, we knew he possessed a very special, untapped skill set. In just a short period of time, he has propelled himself to the forefront of one of the most competitive submarkets in the nation. His expertise runs the full gamut – from value-add and market-rate properties to land sales primed for develop- ment.” In addition to dramatically expanding Gebroe-Hammer’s presence within Hudson Coun- ty, known as New York City’s “Sixth Borough,” Nicolaou is active throughout the entire North JerseyMSA and beyond. Most recently, his industry profile soared with the sale of – and exclusive represen- tation of the seller in – the disposition of a 118-building, 2,137-unit portfolio totaling $328+M. Closed in late 2017/ early 2018, the six-package Gateway Portfolio marked the highest concentration of stabi- lized assets in Hudson County to ever come to market.
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