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446 West 14th Street

Steven Kashanian And Igal Namdar Acquire Retail Asset In Meatpacking District For $23.52M
SOLDRetail

Steven Kashanian And Igal Namdar Acquire Retail Asset In Meatpacking District For $23.52M

446 West 14th Street

$23,518

$1/SF

Building Size

22,285 SF

Asset Type

Retail

Closing

Feb 9, 2026

AI

The retail property located at 446 West 14th Street in the Meatpacking District has been sold for a transaction amount of $23,518,000. The property encompasses a total square footage of 22,285, yielding a price per square foot of $1,055.

Summary of transaction details:

Steven Kashanian of Klosed Properties and Igal Namdar of Namdar Realty Group are the buyers involved in this transaction. The deal was facilitated by brokers James Nelson, Brent Glodowski, Mitchell Levine, and Noah Kossoff from Avison Young, representing the respective parties in the process.

Players

Noah Kossoff

Avison Young

Broker

$385.1M

vol

35 deals

Broker
Igal Namdar

Igal Namdar

Namdar Realty Group

Buyer

$2.1B

vol

23 deals

Buyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

674.50%

Cash-on-Cash

-192.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93