Gruttemeyer of ReMax Signature R.E. brokers sale of 298 Leonard for $750,000

Larry Gruttemeyer of ReMax Signature Real Estate, Babylon, N.Y. recently brokered the sale of 298 Leonard in the Williamsburg section of Brooklyn for $750,000. The property was sold to private investors 298 L.Y.LLC. Subject property is a three family built in 1898. Wachovia Bank arranged an assumption of current loan. Below market rent roll brought the project in at a 6.5% cap rate. RE/MAX Signature Real Estate is Suffolk County's largest RE/MAX Company, with offices on the North and South Shores. Their associates represent the best the industry has to offer, delivering outstanding real estate services to both buyers and sellers.