Klosed Properties and Namdar Realty Group acquire 446 West 14th St. retail for $23.518 million

Manhattan, NY Klosed Properties, in partnership with Namdar Realty Group, has acquired a retail property located at 446 West 14^th St. in the Meatpacking District for $23.518 million. The buyer was represented in house by Klosed Properties’ Steven Kashanian & Namdar Realty Group’s Igal Namdar.

The 22,000 s/f retail asset represents a portfolio addition for the joint venture and is anchored by a strong tenant profile that provides stable in-place cash flow.

Situated in one of the city’s most dynamic retail corridors, 446 West 14^th St. benefits from foot traffic, tourism, and proximity to retail, dining, and cultural destinations. The Meatpacking District continues to attract global brands and experiential concepts, reinforcing its position as one of New York City’s most resilient and desirable retail submarkets.

Klosed Properties and Namdar Realty Group plan to hold the asset long-term, citing the strength of the location, the quality of tenancy, and the enduring appeal of the neighborhood.

“This acquisition aligns with our long-term investment strategy of targeting well-located retail assets with durable cash flow in premier Manhattan neighborhoods,” said Steve Kachanian of Klosed Properties. “The Meatpacking District continues to demonstrate strong fundamentals, and we see sustained value in assets that combine location, tenancy, and long-term upside.”

The seller was represented by James Nelson, Brent Glodowski, Mitchell Levine and Noah Kossoff of Avison Young.

The buyer was represented in house by Klosed Properties’ Steven Kashanian and Namdar Realty Group’s Igal Namdar.