Pacific Urban Investors Purchases Multifamily Asset From UDR In Brooklyn For $127.5M

The property asset involved in this transaction is a multifamily building located at 395 Leonard Street in Brooklyn. The sale price was $127,500,000 for the asset which comprises 188 units. The total square footage of the asset is 126,851, resulting in a price per unit of $678,191 and a price per square foot of $1,005.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $127,500,000
• Address: 395 Leonard Street
• Market: Brooklyn
• Units: 188
• Square Footage: 126,851
• Price Per Unit: $678,191
• Price Per Square Foot: $1,005
• Buyer: Pacific Urban Investors
• Seller: UDR
• Broker Representatives: Rob Hinckley, Jeffrey Julien, Steven Rutman & Ethan Stanton - JLL

The key individuals involved in this transaction include the buyer, Pacific Urban Investors, and the seller, UDR. The brokers representing the transaction are Rob Hinckley, Jeffrey Julien, Steven Rutman, and Ethan Stanton from JLL, who facilitated the sale details between the involved parties.