NEW JERSEY—334 Gorge Road LLC sold its three-story, multifamily property located at 344 Gorge Road in Cliffside Park. Gebroe-Hammer Associates brokered the $1.625 million, exclusively representing the seller and procuring the buyer. The buyer is an undisclosed, long-time client of the firm.
Theteam Executive Vice President David Oropeza and Sales Associates Debbie Pomerantz and Nicholas Nicolaou. Legal counsel for the Gorge Road sale was provided by J. Alvaro, Esq., of Alonso & Navarrette of North Bergen and Mark Sokolich, Esq., in Fort Lee, on behalf of the seller and buyer, respectively.
Located in southeastern Bergen County on the Hudson River, Cliffside Park is situated between the George Washington Bridge and the Lincoln Tunnel, providing access to mass transit.
Amenities of theinclude on-site laundry facilities, parking and central air conditioning. The property is comprised of 11 one-bedroom apartments and two, two-bedroom units. According to Pomerantz, average rents for the area range from $1,100 for a one-bedroom to $1,250 for a two-bedroom unit.