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.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

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
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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

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