Gebroe-Hammer Associates.

Gebroe-Hammer Associates announced the following sales:

* The sale of a a 37-unit apartment complex and a three-property multi-family package with 86 units in Union City, NJ valued in excess of $8.1M. In both transactions, Gebroe-Hammer had the exclusive listing to market the properties on behalf of the seller, and Scott Callahan represented the sellers and procured the buyers. Attorneys involved in the first transaction included Walter J. Fessler, Esq. of Lum Danzis Drasco & Positan LLC, Roseland, N.J., on behalf of the seller; and Barry Cohen, Esq. of Warwick, N.Y., for the purchaser. New Jersey attorneys involved in the three-property package sale were Bruce Rosenberg, Esq., Hackensack, representing the buyer; and Steve Lisik, Esq., Newark, representing the seller. Financing for this transaction included a new first mortgage at market rates from Sovereign Bank.

* In Bayonne, the Gebroe-Hammer team of Callahan and Alan Lieberman, vice president, handled the bulk sale of 17 condominium units within a converted four-story building located near the Kill Van Kull channel in Bayonne, NJ. In addition, Callahan sold a five-unit apartment building in midtown. Attorneys for the bulk condominium sale were Jonathan Mehl, Esq. of Rutherford, representing the seller; and Rocco Labella, Esq. of Fero, LaBella and Zucker representing the purchaser. Charles Sachs, Esq., based in Bayonne, represented the seller in the five-unit apartment building sale.

* The $2.4M sale of Crestview Arms, a 17-unit apartment complex in Belleville, N.J. David Jarvis, vice president, and Jay Lombardo, area sales associate, represented the seller and procured the buyer in the transaction. The property sold for more than $141,000 per unit, making it the highest price per-unit sale ever in Belleville. Attorney Tom Cohn of Wolf Block Brach Eichler of Roseland represented the buyer in the Belleville sale, and Robert A. Gaccione, Esq. with Gaccione, Pomaco & Malanga of Belleville, represented the seller.