Klosed Properties buys 13,245 s/f Bronx building for $1.75 million

Bronx, NY Klosed Properties’ Steven Kachananian and Adam Hajibai completed the acquisition of 336 East 166^th St. The sale price was $1.75 million.

The property is located on the corner of Teller Ave in the Concourse neighborhood. It consists of 15 apartments across 13,245 s/f. Steven Makowsky was the seller.

“We are excited to add 336 East 166^th St. to our growing Bronx portfolio. This was an opportunity for us to purchase a great asset at a good basis in a market that we understand. We are aggressively looking for similar deals in the area” said Klosed Properties’ vice president of acquisitions, Shawn Aziz.

Klosed Properties currently has 12 deals closed and 7 deals under contract with a total volume to date of $146,172,000.

Tags: Brokerage

Reprint

Previous Story Next Story

Investment Property Realty Group closes $3 million sale of 4,350 s/f mixed-use building at 709 Fulton St.

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 709 Fulton St., a mixed-use building located in the Fort Greene section of the city, for $3 million.

Fintech company Maybern more than doubles footprint at GFP Real Estate’s 10 Astor Place

Maybern more than doubles footprint at GFP’s 10 Astor Place

Dogtopia joins growing tenant mix at Brunswick Shopping Center

GFP Real Estate signs 5,082 s/f of leasing activity at 630 Ninth Ave.

GFP signs 5,082 s/f of leases at 630 Ninth Ave.

Lee & Associates NYC arranges 7,487 s/f lease on behalf of building ownership as Treeswift expands headquarters to 256 West 38th St.

Lee & Associates NYC arranges 7,487 s/f lease for Treeswift at 256 West 38th St.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Hoffmann promotes Delagrange to director of business development

Columns and Thought Leadership

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.

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