Gerber/Somma doubles up its efforts in Asbury Park.Gerber/Somma Associates have locked-up the sale of Washington Arms, a 24-unit garden apartment complex located in Asbury Park Asbury Park, city (1990 pop. 16,799), Monmouth co., E N.J. An Atlantic resort noted for its beach, boardwalk, and convention hall, it has declined since the 1960s. The burning liner Morro Castle grounded off the beach here in Sept. , N.J.
The all-cash sale, valued at more than $1.7 million, was announced by G/S G/S Gray-Scale
G/S Guidance System
G/S Ground Speed
G/S Glide Slope executives Harold Gerber and Frank Somma, who revealed that the deal was navigated by sales director Vito DeGennaro.
DeGennaro noted that the current transfer marked the culmination of an unprecedented dual sale of the multi-family project within the past year. The first sale was also handled by the G/S sales director, he success of the current deal, DeGennaro commented, was assured by a confluence of events accented with a long overdue upsurge in the Asbury Park investment property arena.
"Today's Asbury Park blends the nostalgic seaside town of yesteryear yes·ter·year
1. The year before the present year.
2. Time past; yore.
yes with an upscale residential and commercial community featuring art galleries, exclusive shopping, jazz clubs This is a list of notable venues where jazz music is played. It includes clubs, dancehalls and historic venues as well. It can or may never satisfy any objective standard for completeness. Revisions and additions of , existing articles are welcome. and trendy eateries," he said.
Built in 1970 on a highly visible 23,000 s/f tract at 1239-1311 Washington Ave., the two-story apartment project comprises three brick buildings housing all one-bedroom layouts that are skillfully proportioned in design and generous in room size.
A spectrum of amenities are highlighted with air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , on-site parking and separate entrances.
Legal details for the buyer were handled by Englewood Cliffs attorney Albert Buzzetti, while the seller was counseled by Robert McNivin, Esq., of East Brunswick.