A 119-unit portfolio has been sold for $16.55 million, located at 810 Broadway, Newark, NJ, in the Newark market. The property encompasses multiple floorplans ranging from studios to three-bedrooms, ensuring a diverse offering for residents. This transaction is part of a larger deal involving nearly two dozen transactions by Gebroe-Hammer Associates in the third quarter of 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16.55 million
• Address: 810 Broadway, Newark, NJ, 07104
• Market: Newark
• Seller's Representative: David Jarvis - Gebroe-Hammer Associates
• Buyer: Undisclosed
• Square Footage: 0

David Jarvis served as the seller's representative in this transaction, having procured the undisclosed buyers for the properties involved. The sale is part of a total of 79 deals completed by Gebroe-Hammer Associates throughout the year, encompassing over 6,539 units across northern and central New Jersey and the greater Philadelphia region.