News:
Brokerage
Posted: November 17, 2020
Klosed Properties acquires two properties in Brooklyn for $1.2 million
Brooklyn, NY Klosed Properties acquired 940 Fulton St. in Clinton Hill, and 277 Nostrand Ave. in Bed-Stuy, at $1.2 million.
- 940 Fulton St. is a retail condo, with 950 s/f. The retail space is leased to Bed-Stuy Fish, a casual, southern-style seafood eatery.
- 277 Nostrand Ave. is also a retail condo, at 465 s/f. The retail space is leased to Cinnamon Girl, a chain coffee shop and bakery across the area.
Steven Kachanian, the managing principal at Klosed Properties worked alongside managing director of acquisitions, Jacob Namdar and vice president of acquisitions, Adam Hajibai.
Hajibai said, “This deal was a package deal that showcased Klosed’s ability to move quickly during a trying time in the market.”
Despite the uncertain COVID-19 market, Kachanian and his team have closed on 13 properties, with $17.865 million closed and $16.729 million in contract.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
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,
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.
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
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
.gif)