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

365 Leonard Street (88 Withers Street)
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This Retail property located in NY was sold for $1,336,000 almost 3 years ago. The broker of the deal was Brendan Maddigan

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.

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Deals
  • Location
    365 Leonard Street, Williamsburg, Brooklyn, NY, USA365 Leonard Street, Williamsburg, Brooklyn, NY, USA
  • Sale Price
    $1,336,000$1,336,000
    $580 PPSF$580 PPSF
  • Area
    2,300 SF2,300 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brendan Maddigan

Brendan Maddigan

Deals80
Financed$2.7B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Adam Hajibai, Brendan Maddigan, Steven Kachanian, Michael Lipman & Sergey Rybak DATE: 04/27/2021 ADDRESS: 365 Leonard Street (88 Withers Street) MARKET: Williamsburg, Brooklyn ASSET TYPE: Retail BUYER: @KlosedProperties - Steven Kachanian & Adam Hajibai SELLER: Rybak Development (@RybakDev) BROKERS: Brendan Maddigan @JLL & Michael Lipman @Compass SALE PRICE: $1,336,000 SF: 2,300 ~ PPSF: $580 NOTE FROM BUYER: This marks Klosed's 4th acquisition of 2021, with an additional 9 deals under hard contract. Klosed is looking to actively expand its existing portfolio of multifamily, mixed use, and retail assets. Please reach out with any opportunities to: 👤Adam Hajibai 📧 [email protected] 📱 516-858-0024

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365 Leonard Street (88 Withers Street)

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