Klosed Properties Acquires Mixed-Use Building On West 57th Street For $7.3M

Located in Midtown, the mixed-use property at 117 West 57th Street has been sold in a closed transaction. The sale took place on 11/05/2021 and the property was purchased for a price of $7,300,000. The building spans across 9,850 square feet, resulting in a price per square foot of $741. The buyer of the property is @KlosedProperties, represented by Steven Kachanian and Adam Hajibai. The seller is Penny Fletcher. The transaction was facilitated by brokers Hillel Horovitz and William Etheridge from Douglas Elliman.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $7,300,000
• Address: 117 West 57th Street
• Market: Midtown

Klosed Properties, led by Steven Kachanian and Adam Hajibai, acquired this property from a long-term owner who had held it for over 30 years. The transaction was an off-market deal, indicating that it was not publicly listed for sale. Klosed Properties is actively looking to expand its portfolio in the NY Metro area and is interested in multifamily, mixed-use, and retail assets. For any potential opportunities, interested parties can contact Adam Hajibai through email at [email protected] or via phone at 516-858-0024.