Klosed Properties Acquires Retail Asset In Williamsburg, Brooklyn From Rybak Development For $1.3M

Located in Williamsburg, Brooklyn, a retail property at 365 Leonard Street (88 Withers Street) has recently been sold for a price of $1,336,000. The property spans across 2,300 square feet, resulting in a price per square foot of $580. This transaction took place on April 27, 2021.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,336,000
• Address: 365 Leonard Street (88 Withers Street), Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn

The buyer of this property is Steven Kachanian and Adam Hajibai, representing Klosed Properties. On the other hand, the seller is Rybak Development. The deal was facilitated by Brendan Maddigan from JLL and Michael Lipman from Compass.

It is noteworthy that this acquisition marks Klosed Properties' fourth successful transaction in 2021. In addition to this, they have nine more deals currently under hard contract. Klosed Properties, led by Steven Kachanian and Adam Hajibai, continues to actively expand their portfolio of multifamily, mixed-use, and retail assets. In case any new opportunities arise, they can be reached out to via email at [email protected] or phone at 516-858-0024.