Karl Ashmawy Acquires Mixed-use Property In Brooklyn From Leon Indi & Gita Klein For $2.15M

A mixed-use property located at 415 Knickerbocker Avenue in the Brooklyn market has been sold. The transaction occurred on 5/15/2026 for a total amount of $2,150,000. The asset includes 4 units and has a total of 2,500 square feet, priced at $860 per square foot and $537,500 per unit.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,150,000
• Units: 4
• Price Per Unit: $537,500
• Square Footage: 2,500
• Price Per Square Foot: $860
• Buyer: Karl Ashmawy
• Seller: Leon Indi & Gita Klein
• Broker: Josh Augenbaum - Augenbaum Realty
• Seller's Attorney: Jeffrey Edelman - Law Offices of Jeffrey Edelman

Josh Augenbaum of Augenbaum Realty represented the seller in the deal, which was initially leased out and then transitioned into a purchase. The property was successfully transferred, affirming the efforts of all parties involved.