NEW JERSEY—Gebroe-Hammer Associates has named Nicholas Nicolaou the company’s Salesman of the Year, the firm’s top honor. In addition, Nicolaou, who joined the Livingston, N.J.-based investment brokerage firm three years ago, also was promoted from sales associate to vice president.

Named in memory of the firm’s founders, Mel Gebroe and Morris Hammer, Salesperson of the Year recognizes one brokerage professional for exceptional, consistent performance. It is a peer-selected award based on a vote of all Gebroe-Hammer salespeople.

“Niko is an extraordinarily capable multifamily investment broker whose depth and breadth of knowledge have been instrumental to Gebroe-Hammer’s success, particularly in the Hudson County market,” said Uranowitz.

In his first year with the firm, Nicolaou orchestrated transactions valued at more than $32 million. In the past 12 months, Nicolaou has closed more than $38 million in transactions throughout Northern New Jersey.