Klosed Properties Acquires Mixed-Use Building In Upper West Side For $15.5M

The mixed-use property located at 2651 Broadway in the Upper West Side has been sold for a total of $15,500,000. The transaction took place on November 17, 2021. The property spans approximately 36,730 square feet, resulting in a price per square foot of $421. The buyer, Klosed Properties, represented by Steven Kachanian, Adam Hajibai, and Shawn Aziz, acquired the property from seller Hank Freid. The sale was facilitated by James Nelson, Mitchell Levine, and Alexandra Marolda of Avison Young.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $15,500,000
• Address: 2651 Broadway
• Market: Upper West Side
• Buyer: Klosed Properties - Steven Kachanian, Adam Hajibai, and Shawn Aziz
• Seller: Hank Freid
• Brokers: James Nelson, Mitchell Levine, and Alexandra Marolda - Avison Young
• Square Footage: 36,730
• Price per Square Foot: $421

Klosed Properties, the buyer of the property, has plans to reposition the building into Class A apartments. For any opportunities or inquiries, interested parties can contact Adam Hajibai via email at [email protected] or by phone at 516-858-0024.