Klosed Properties acquires Brooklyn multifamily for $2.75 million

Steven Kachanian, Klosed Properties

173 Classon Avenue - Brooklyn, NY

Ryan Powers-Tapp, Klosed Properties

Brooklyn, NY Klosed Properties has completed the purchase of 173 Classon Ave., a multifamily building in the Clinton Hill neighborhood. The building includes six three-bedroom apartments. The building will be delivered with three occupied units and three vacant units.

The purchase price was $2.75 million.

Ryan Powers-Tapp, director of acquisitions said, “We are still looking to acquire properties in areas of Brooklyn with strong fundamentals. Clinton Hill is a great market. We have been purchasing properties along the main retail arteries here for a couple of years now and really believe in everything that’s going on there.”

Steven Kachanian, managing principal said, “This marks our 4^th acquisition in Clinton hill in the last 24 months, showing our continued interest and commitment to this neighborhood. We expect to capitalize by repositioning the units into luxury apartments to better cater to Pratt students and young professionals moving into the area.”