Gebroe-Hammer Associates

Real Estate Weekly,  April 16, 2008  

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Gebroe-Hammer Associates recently negotiated the $7.75 million all-cash sale of Patten Point Shores, a 68-unit garden apartment complex in Long Branch, N.J. Alan Lieberman, a Gebroe-Hammer vice president who specializes in the Monmouth County market, represented the seller, Patten Point Inc., in the transaction.

Located at 581 Patten Ave. in Long Branch, the six building complex features an all-brick facade and a mix of 52 one-bedroom and 16 two-bedroom units of 650 and 900 square feet, respectively. Boasting a 98% occupancy level, Patten Point Shores is in excellent condition.

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