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

Property Image
SOLD
$127,500,000
Steven Rutman
Rob Hinckley
+ 1

New York

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MultiFamily186,779 SF
Sold 01/15/2025
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Property Image
SOLD

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

395 Leonard Street

See Similar Deals
MultiFamily186,779 SF
Sold 01/15/2025
Steven Rutman
Rob Hinckley
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$682
Total Square Footage:186,779 SF
Transaction Type:Sale

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:

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.

Players

Ethan Stanton
133 deals$6.1B volume(516) 790-7718
BROKER

Rob Hinckley
JLL
81 deals$11.6B volume
BROKER

Steven Rutman
JLL
66 deals$8.8B volume
BROKER

Jeffrey Julien
JLL
8 deals$615.7M volume(212) 632-1820
BROKER

Details

SOLD
IMAGE: Rob Hinckley, Jeffrey Julien, Steven Rutman & Ethan Stanton DATE: 01/15/2025 ADDRESS: 395 Leonard Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Pacific Urban Investors SELLER: UDR BROKERS: Rob Hinckley, Jeffrey Julien, Steven Rutman & Ethan Stanton - JLL (@JLL) SALE PRICE: $127,500,000 UNITS: 188 ~ PPU: $678,191 SF: 126,851 ~ PPSF: $1,005

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