Business & Finance

Press Releases

East Orange Multi-Family Sale Sets All-Time High Per-Unit-Price

Gebroe-Hammer Associates has established a new, all-time-high price-per-unit benchmark within one of the state’s hottest urban multi-family submarkets with the $11.25 million sale of 44 luxury apartment-rental units at 75 Prospect St., in East Orange – known as the “Castle on Prospect.” 

Managing Director David Oropeza, the firm’s urban market specialist, exclusively represented the seller and procured the buyer, a long-time client and veteran East Orange investor, in the transaction that yielded a $250,000 per-unit price. From contract to closing, the trade was finalized within a three-week timeframe.

“Renters and investors have discovered New Jersey’s newest crown jewel – East Orange, where almost three-quarters of the population are renters and about 80% of the housing stock is comprised of small, mid- and high-rise apartment buildings,” said Oropeza, a 30-year Gebroe-Hammer and East Orange/Essex County brokerage veteran. “Comprised of 19 constituent neighborhoods, each of which has its own character and aesthetic landscape, East Orange is a city of service providers, sales and office workers and executives who appreciate the wide range of residential living options, a walkable lifestyle and immediate access to mass- and vehicle-transit options.”

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Built in the late 1920s, the Castle is a classic Art-Deco-era building with hand-painted tile in the lobby, vaulted ceilings, large windows with abundant natural light and spectacular views of New York City and South Mountain Reservation. “This is a truly exquisite property, with unheard-of front-to-back layouts, reminiscent of the urban-chic buildings that pepper Manhattan’s Central Park South landscape,” said Oropeza.

Last sold in 2013, 75 Prospect St. is known for its highly unique layouts, among which are three 2BR/1 bath, two 2BR/2 bath, 21 3BR/2 bath, 17 4BR/3 bath and one 5BR/4 bath units. Each features beautiful finishes such as hardwood floors, crown molding and original architectural details, updated eat-in kitchens with stainless-steel appliances, granite or quartz countertops, renovated bathrooms with relaxing soaking tubs, decorative fireplaces and expansive dining rooms. Many of the larger units also feature in-law suites with private baths.  

Situated in the tree-lined Park Ave./Washington Street neighborhood at the crossroads of the Garden State Parkway and Route 280, the 10-story all-brick building features four elevators, doorman service, state-of-the-art security system, assigned covered parking and detached garages. It is just one block from shopping, a supermarket, Bank of America, Dunkin Donuts and many other lifestyle service establishments.

In addition, the complex is situated two blocks from Brick Church Train Station. Served by the Morris and Essex Line, Brick Church offers less than 30-minute door-to-door service to NY Penn Station. Destinations also include Hoboken Terminal to the east and Dover and Hackettstown Stations, to the west.  

“Long recognized as a grand, striking fixture on the East Orange skyline, the Castle has both old-world charm and modern amenities that appeal to the city’s diverse age demographic, from established, young professionals to empty-nesters and retirees,” added Oropeza. “The Castle offers a lifestyle like no other in the city and symbolizes East Orange’s past as well as its now-underway resurgence.”     

The Castle is located near an array of recreational venues, cultural centers and area colleges and universities as well. These include Newark Museum, Branch Brook Park, Van Vleck House & Gardens, Seton Hall University and Rutgers New Jersey Medical School/Newark Campus.    

Gebroe-Hammer is the leading multi-family investment sales brokerage firm in New Jersey and the entire tri-state region. In 2016, the firm closed more than 132 deals involving 12,117 total units sold for $1.83+ billion while concentrating on suburban and urban high-rise and garden-apartment properties throughout the Northeast and nationally. Gebroe-Hammer also markets mixed-use and free-standing office and retail properties. Widely recognized for its consistent sales performance, the firm is a 13-time CoStar Power Broker.

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SOMA

Grocery Shopping With A Twist

Grocery shopping takes on a new meaning at Sadie’s! 

This week we are introducing the brand Groceries Apparel. Their focus is to create fashion pieces with a purpose by using organic and recycled materials and made right here in the USA. With a focus on seed to skin these new items are sexy meets “green” with super soft shirts made from eucalyptus and versatile ...

Election Day Is Over. Now What?

Election Day 2017 has passed with some significant changes to both the school board and Maplewood Township Committee (TC), but perhaps not as big as some might have expected.

But where do both governing bodies go from here? Will we see a new mayor or a new school board president in 2018?

If the voting results are any indication, perhaps not.

Both Mayor Vic DeLuca and Board President ...

Sustained, Severe Cuts Equal Setbacks at NJ Department of Environmental Protection

November 6, 2017

Long-term budget and staff cuts have severely impacted the ability of the New Jersey Department of Environmental Protection (DEP) to carry out critical work to protect New Jersey’s environment and residents. This has serious implications for wildlife, public health and our economy. DEP is charged with managing and protecting the State’s environment and natural resources.

This ...

Mazzocchi will Put Students First: Candidate Statement from Felisha George and Avery Julien

November 4, 2017

We Support Anthony Mazzocchi for Board of Education

Mazzocchi will Put Students First

Statement by Candidates Felisha George and Avery Julien

As we wind down our campaign for the South Orange-Maplewood Board of Education, and continue to seek voters support on Tuesday November 7, we enthusiastically endorse someone who we never viewed as an opponent, but rather a kindred ...

South Orange Police Blotter - Three Burglaries to Autos Reported

November 11, 2017

South Orange Police Blotter as of November 11

Theft - A Longview Rd resident reported that sometime between 1:00 and 2:30 am, Tuesday, November 7, actor(s) unknown stole all four emblem, center wheel caps off the tire rims of his vehicle (2014 Cadillac Escalade), while it was parked in his driveway.

Burglary to Autos - Two Cameron Rd residents reported that sometime ...

Maplewood Police Blotter - Theft, Shoplifting, Disorderly Reported on Halloween Night

October 30 - Theft from Auto; During the overnight hours, an unsecured vehicle parked on Madison Ave was entered and a GPS unit and change were taken from it.

October 31 - Shoplifting; At approximately 7 p.m., four individuals wearing Halloween costumes and masks removed candy from the 7-11 on Irvington Ave and fled.

October 31 - Shoplifting/Disorderly; At approximately 7:30 ...

Maplewood Observes Veterans Day with Ceremony on Saturday, Nov. 11

November 13, 2017

MAPLEWOOD, NJ - Veterans Day was observed and celebrated in the Maplewood Municipal Building on Saturday, November 11.

Music was provided for the observance by the Maplewood Concert Band under the direction of Steve Kimmons, Former Commander of the Eighth Air Force Band.

After the first musical number was played, Maplewood Mayor Victor DeLuca called the ceremony to order, and called ...

Seton Hall University Testing Emergency Siren on Tuesday, Nov. 14

SOUTH ORANGE, NJ - Seton Hall University (SHU) will conduct a live test of its emergency siren and PirateAlert systems this Tuesday, Nov. 14, at 11:55 a.m., according to a statement from SHU.

The siren is centrally located on the highest point on SHU campus, and will sound a wail tone that is followed by a recorded message with instructions to seek shelter.  A steady tone will sound ...

Upcoming Events

Sat, November 18

Maplewood Memorial Library, Maplewood

Fall Book Sale - Friends of Maplewood Library

Community Calendar Giving Back

Sat, November 18, 8:00 AM

South Mountain Reservation , South Orange

Two Towns Turkey Trot 5K and Kids' Fun Fun

Education Health & Wellness Sports

Sat, November 18, 2:00 PM

South Orange Performing Arts Center, South Orange

Snow White and the Seven Dwarfs at SOPAC

Arts & Entertainment

Sat, November 18, 6:00 PM

Prospect Presbyterian Church, Maplewood

Maplewood Rotary Spaghetti Dinner

Food & Drink Giving Back

For Board of Education, Donna Smith stands out

November 6, 2017

In the crowded field of candidates for the BOE this fall, Donna Smith stands out. As a lawyer for decades, she is highly skilled as a reader, editor, and drafter of complex documents. As a leading school volunteer for the last twenty years, she knows as well as anybody the complex history and the complex present of our district. As a person gifted with a temperament that leads her to listen and ...

Letter of endorsement for Baker, Cuttle, and Baker

November 7th is an important day for the future of our community. Please take the time to come out and vote for all elected positions and questions. Your vote, which is your true voice, makes a difference. 

As parents of the South Orange Maplewood School District, we are delighted to express our personal support for Elizabeth Baker, Shannon Cuttle and Robin Baker for the South Orange ...

Downtown Millburn Offers Free Parking for Holiday Season

November 17, 2017

MILLBURN, NJ - The free parking season kicked off this week in downtown Millburn and in lots around town. Beginning on Wednesday, November 15, the free parking will last through the holiday season. The suspension of parking fees in downtown have traditionally started on Black Friday, but shoppers will get extra time away from the meters to encourage the community to shop at local ...

Holiday Lights Spectacular Opens at Turtle Back Zoo

WEST ORANGE, NJ — After reaching its 12th-consecutive attendance milestone in 2016 with 795,558 visitors, the Turtle Back Zoo invites the public to the 11th annual Holiday Lights Spectacular, featuring 50 figures illuminated by one million lights both at the zoo and the surrounding Essex County South Mountain Recreation Complex.

Officially opened on Friday, the Holiday Lights ...

Newark Men Behind Bars ​for Alleged Connection to New Brunswick Fatal Shooting

November 17, 2017

NEW BRUNSWICK, NJ - A suspect arrested in connection with a fatal shooting of a New Brunswick man will remain behind bars for now, after the courts determined he was a public safety threat and flight risk​.​

The suspect, 26-year-old Newark resident Michael Martin, also known as “Maniac,” appeared ​in front of Middlesex County Superior Court Judge Michael A. Toto on November 17 ...

Aha Moment: Overlook Staff Develops New Insulin Management Device as Healthcare System Empowers Caregivers to Innovate

SUMMIT, NJ - A team comprised of two pharmacists, a pharmacy tech and a nurse at Overlook Medical Center were the collaborative brainchild behind the first innovation spawned by the Atlantic Health Advancements program, or AHa!, an initiative designed to be an innovation center and idea incubator that will inspire Atlantic Health System’s team of over 16,000 employees and 3,700 ...

Paterson's Great Falls National Park Celebrates Birthday

November 9, 2017

PATERSON, NJ - There’s Yosemite and Yellowstone, Grand Canyon and Grand Teton, celebrations of beauty, centers of tourism. But, thanks to the work of so many that lived in and loved Paterson, the Silk City, since 2011, can boast of being the home to its very own national park. 

Calling the history of the falls, and the role the natural wonder has played in the development of ...

Celebrate the Holidays with a Favorite Union County Tradition: the Annual Holiday Sound and Light Show

November 17, 2017

A favorite Union County tradition returns this year with the annual Holiday Sound and Light Show hosted by The Model Railroad Club.

The centerpiece of the festive extravaganza is the club’s sprawling, meticulously detailed HO scale model train layout at the A. Paul Mallery Model Railroad Center, conveniently located in a mixed-use area of Union County’s Lenape Park off Route 22 ...

Weekly Specials at Ashley Marketplace & Cafe - November 17 to November 23

Shop Ashley Marketplace & Cafe for your everyday needs!

This week's specials are:

Striped Bass  $7.99lb (Ashley Fish Market)
Chairman’s Reserve Pork Loin Roast  $3.49lb (Meat)
Nature’s Halo Organic Quinoa $5.99
Asparagus $3.49lb
Halo Top Ice Cream 2/$10 (Frozen)
Thumann’s Genoa Salami $8.99lb (Deli)
Egg Salad $4.99lb (Prep ...

New Jersey’s Statewide H. S. Musical Competition Now Accepting Applications

PAPER MILL PLAYHOUSE ANNOUNCES 23rd ANNUAL RISING STAR AWARD APPLICATIONS AVAILABLE ONLINE - Deadline for submissions is January 10, 2018

As one of the nation’s leading theaters, Paper Mill Playhouse (Mark S. Hoebee-Producing Artistic Director, Todd Schmidt-Managing Director) has a well-earned reputation for launching both performers and shows for the Great White Way. The theater was the ...