News: Brokerage

Klosed LLC acquires 3,950 s/f retail condominium at 302 Broome Street for $1.726 million; Represented by Hayes of Boxers Realty; Decheser and Clarke of MK represent seller

Klosed LLC has closed on the sale of a retail condominium at 302 Broome St. The subject property is a 3,950 s/f retail condominium located in the Lower East Side. The property has a significant amount of upside due to the gentrification of the surrounding neighborhood. Klosed was represented by Michael Hayes of Boxers Realty. Meanwhile, the seller was represented by Michael DeCheser and Darragh Clarke of Massey Knakal Realty Services. The sales price was $1.726 million. This closing marks their 6th retail acquisition of the year and 5th retail condominium in their portfolio. NY Metro: Actively looking to acquire retail condos, grocery-anchored shopping centers, strip centers, medical office, and mixed use buildings. We are also acquiring properties NNN-leased to national tenants, including pharmacies, fast-food restaurants, shopping centers & banks. Across the US: Commercial properties NNN-leased to national tenants, including pharmacies, fast-food restaurants, shopping centers & banks. We are also acquiring office buildings in strong locations. Klosed Properties can close all-cash, without mortgage contingency within 21 days.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.