News:
Brokerage
Posted: March 20, 2018
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.
Klosed Properties
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
MORE FROM Brokerage
AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue
Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
