News: Brokerage

Klosed Properties acquires Brooklyn multifamily

Brooklyn, NY According to Klosed Properties’ Steven Kachananian and Adam Hajibai, they have completed the acquisition of 211 Irving Ave., located in the Bushwick neighborhood.

The property traded for $680,000.

The multifamily property consists of six residential units, totaling 4,500 s/f. It is fully occupied with over 150 violations.

Hajibai said, “We are excited to continue growing our presence in Bushwick, Brooklyn, the 6-unit multifamily property shows steady cashflow and future upside potential as the apartments become vacant.”

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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.
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