Klosed Properties and Oliam complete $1.1 million sale

1485 Fulton Street - Brooklyn, NY

Brooklyn, NY Klosed Properties & Oliam Properties have completed the $1.1 million purchase of 1485 Fulton St., a mixed-use building in Bedford-Stuyvesant neighborhood. The building includes two 3-bedroom apartments and one retail store. The building was delivered vacant.

Ryan Powers-Tapp, Klosed Properties

“This stretch of Fulton is experiencing a resurgence. New bars, restaurants, and fitness facilities in the area are catering to many of the residents of Bed-Stuy that love the community feel” said Ryan Powers-Tapp, senior director of acquisitions.

This closing marks our 11th acquisition of 2016, while we are currently under contract to purchase 5 additional properties in NYC and the boroughs.

Klosed Properties is a vertically integrated, privately owned Commercial Real Estate company focused in the purchase, management and development of commercial properties in the New York metro area and selected markets in the US and around the world. Our preference is for commercial properties like Retail strip Centers, Grocery anchored and Shopping centers, Malls, Medical and Office buildings, Mixed Use Buildings and commercially zoned land. We invest in both “Stabilized” income producing assets as well as “Value Added” opportunities.