Gebroe-Hammer Associates Sells Multifamily Portfolio In Passaic And Paterson For $9.8M

The recently closed property transactions in Passaic and Paterson, New Jersey, facilitated by Gebroe-Hammer Associates, have provided multifamily investors with diverse investment options in these densely populated cities. One of the deals involved the sale of a 23-unit apartment building located at 82 Paulison Avenue for $4.5 million. Additionally, a separate sale of 12 apartments was made for $1.6 million. In Paterson's Wrigley Park section, two properties were sold for a total of $3.7 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,800,000
• Units: 53
• Price per Unit: $184,906
• Market: Passaic & Paterson
• Broker: Debbie Pomerantz - Gebroe-Hammer Associates

Gebroe-Hammer Associates played a key role in brokering these property deals, showcasing their expertise in the Passaic and Paterson market. Investors now have the opportunity to capitalize on these transactions and expand their multifamily portfolios in these highly sought-after areas.