Steven Kachanian And Shawn Aziz Of Klosed Properties Acquire Multifamily & Development Asset On Hughes Ave For $6M

The multifamily property located at 2501, 2503, and 2507 Hughes Ave in the Bronx has been sold in a closed transaction. The property consists of a total of 33,000 square feet. The sale price for the property was $6,000,000, resulting in a price per square foot of $181. The transaction involved the buyers Steven Kachanian and Shlomo Shawn Aziz of Klosed Properties. The seller of the property was Joerg von Oldershausen.

Summary of transaction details:

• Property Type: Multifamily & Development
• Transaction Amount: $6,000,000
• Address: 2501, 2503, 2507 Hughes Ave, Bronx
• Market: Bronx
• Square Footage: 33,000
• Price per Square Foot: $181
• Buyers: Steven Kachanian and @ShlomoShawnAziz of @KlosedProperties
• Seller: Joerg von Oldershausen

The deal was facilitated by the buyers Steven Kachanian and Shlomo Shawn Aziz of Klosed Properties. Their expertise in the real estate market played a significant role in the successful acquisition of the property. The transaction reflects their commitment to investment opportunities in the Bronx market. It is worth noting that one of the units, located at 2503 Hughes Ave, comprises 21 units and spans 18,000 square feet. Klosed Properties has plans to extend and develop this particular unit further.