Klosed Properties acquires retail condo at 525 Myrtle for $1.218 million; Kramer is seller of 1,900 s/f space in Brooklyn's Clinton Hill neighborhood

Brooklyn, NY According to Klosed Properties, the firm has completed its recent acquisition of a retail condominium at 525 Myrtle Ave., located in the borough’s Clinton Hill neighborhood. The property consists of 1,900 s/f.

Steven Kachanian, principal of Klosed Properties said, “This is our seventh acquisition in Clinton Hill in the past 36 months. We immediately recognized the value and potential of the location and signed a hard contract within hours of inspecting the property. This was an off-market situation where we gave the seller his full asking price. Our firm is continuously looking to expand our retail and residential portfolio of investments in Clinton Hill, as well as growing neighborhoods in NYC, Brooklyn, Bronx, and Queens.”

Kachanian of Klosed Properties acquired the property from Eduardo Kramer for $1.218 million

This transaction marks the firms’ second acquisition this year.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

How property reserves work in a Delaware Statutory Trust (DST) - A practical comparison to direct real estate ownership - by Dwight Kay

Columns and Thought Leadership

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

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

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.