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

395 Leonard Street
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This MultiFamily property located in NY was sold for $132,200,000 about 5 years ago. The brokers of the deal were Paul Leibowitz and David Krantz

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.

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Deals
  • Location
    395 Leonard Street, Brooklyn, NY 11211, USA395 Leonard Street, Brooklyn, NY 11211, USA
  • Sale Price
    $132,200,000$132,200,000
    $944 PPSF$944 PPSF
  • Area
    140,000 SF140,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Paul Leibowitz

Paul Leibowitz

Deals5
Financed$254.3M

David Krantz

David Krantz

Deals6
Financed$302.3M

Agency

Savills

Savills

Agency
Deals137
Volume$2.7B

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Deal Summary

SALE IMAGE: David Krantz & Paul Leibowitz DATE: 02/15/2019 ADDRESS: 395 Leonard St. MARKET: BK ASSET TYPE: Multifamily PRICE: $132,200,000 SF: 140K PPSF: $944 PPU: $700K BUYER: UDR SELLER: @RabskyGroup BROKER: David Krantz & Paul Leibowitz - @Savills Studley

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395 Leonard Street

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