Klosed Properties acquires 44,600 s/f for $11.3 million

Manhattan, NY Klosed Properties’ Steven Kachanian and Adam Hajibai completed the acquisition of 312 Manhattan Ave.

The sale price was $11.3 million.

The property is located in Morningside Heights, totalling 44,600 s/f and consists of 59 residential units, 23 of which are vacant.

“This building is located on an incredible Morningside Heights corner, with close proximity to transportation and Columbia University. It presents us with tremendous opportunity as we can create value through renovating vacant apartments and the common areas,” said Hajibai.

Tags: Brokerage

Reprint

Previous Story Next Story

Residential real estate consultancy and brokerage firm Nancy Packes, Inc. rebrands as NPI

Manhattan, NY The NYC-based premier residential real estate consultancy and brokerage firm, Nancy Packes Inc., has rebranded as NPI. Helmed by Seth Rosner, most recently the firm’s managing partner and now president, the company has been intricately involved in hundreds of Tri-State new developments and conversions, spearheading the full project life cycle, from assessment/pre-dev.

Lee & Associates NYC arranges 10-year lease for Snowflake Spa at 619 Ninth Ave. in Hell’s Kitchen

Lee & Assocs. NYC arranges ease for Snowflake Spa at 619 Ninth Ave.

GFP Real Estate signs Indecor Home to 16,806 s/f lease at 247 West 37th St.

GFP signs Indecor Home to 16,806 s/f lease at 247 West 37th St.

Manhattan office leasing tops 10 million s/f for ninth consecutive quarter, Lee & Associates NYC reports

Investment Property Realty Group sells 460 15th St. in Park Slope for $3.25 million

IPRG sells 460 15th St. for $3.25m

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Sobel of RIPCO Real Estate signs Redefine Meals as newest tenant at New Hyde Park Place

Columns and Thought Leadership

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of