Gebroe-Hammer Negotiates $19.8M Sale of Multifamily Property in Leonia, New Jersey

by Taylor Williams

LEONIA, N.J. — Locally based brokerage firm Gebroe-Hammer Associates has negotiated the $19.8 million sale of Grand Lee Apartments, an 80-unit apartment complex located in the Northern New Jersey community of Leonia. The property was built in 1947, according to, and offers one- and two-bedroom units. Joseph Gehler and David Betesh of Gebroe-Hammer represented the seller, Fairlawn Co., in the transaction and procured an unnamed private investor as the buyer.

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