News:
Brokerage
Posted: January 25, 2022
Klosed Properties buys 13,245 s/f Bronx building for $1.75 million
Bronx, NY Klosed Properties’ Steven Kachananian and Adam Hajibai completed the acquisition of 336 East 166th St. The sale price was $1.75 million.
The property is located on the corner of Teller Ave in the Concourse neighborhood. It consists of 15 apartments across 13,245 s/f. Steven Makowsky was the seller.
“We are excited to add 336 East 166th St. to our growing Bronx portfolio. This was an opportunity for us to purchase a great asset at a good basis in a market that we understand. We are aggressively looking for similar deals in the area” said Klosed Properties’ vice president of acquisitions, Shawn Aziz.
Klosed Properties currently has 12 deals closed and 7 deals under contract with a total volume to date of $146,172,000.
Tags:
Brokerage
MORE FROM Brokerage
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.
Quick Hits
Columns and Thought Leadership
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.
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
.gif)
September Promotion
