UDR Acquires Multifamily Property On 395 Leonard St. In Brooklyn For $132.2M

An multifamily property located at 395 Leonard St. in Brooklyn was recently sold in a closed transaction. The property spans an area of 140,000 square feet and was sold for a total price of $132,200,000. With a price per square foot of $944 and a price per unit of $700,000, this property offers a significant investment opportunity in the Brooklyn market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $132,200,000
• Address: 395 Leonard St.
• Market: Brooklyn

UDR was the buyer in this transaction, while the property was sold by the Rabsky Group. overseeing the deal were David Krantz & Paul Leibowitz of Avills Studley, who represented the parties involved.