Klosed Properties Acquires Retail Condo Package In Bed Stuy & Clinton Hill, BK For $1.2M

Two retail condos in Bed Stuy and Clinton Hill, Brooklyn have been sold in a package deal. The properties located at 940 Fulton Street and 277 Nostrand Avenue were part of the transaction. The buyer, Klosed Properties represented by Steven Kachanian, Jacob Namdar, and Adam Hajibai, acquired the assets from the seller, Brookland Capital. The deal was brokered by JLL and Brendan Maddigan.

Summary of transaction details

• Property Type: Retail Condo
• Sale Price: $1,175,000
• Square Footage: 1,500 SF
• Price Per Square Foot: $783
• Market: Bed Stuy & Clinton Hill, Brooklyn

The transaction took place on October 28, 2020. The retail condos were purchased by Klosed Properties, with Steven Kachanian, Jacob Namdar, and Adam Hajibai leading the acquisition. The properties were sold by Brookland Capital. The deal was facilitated through JLL, with Brendan Maddigan serving as the broker.