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

Property Image
SOLD
$23,518
James Nelson
Brent Glodowski
+ 2

New York

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Retail22,285 SF
Sold
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Property Image
SOLD

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

446 West 14th Street

See Similar Deals
Retail22,285 SF
Sold
James Nelson
Brent Glodowski
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1
Total Square Footage:22285 SF
Transaction Type:Sale

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
35 deals$385.1M volume(917) 880-1475
BROKER

Brent Glodowski
Avison Young
32 deals$596.6M volume
BROKER

James Nelson
Avison Young
85 deals$1.9B volume
BROKER

Mitchell Levine
Avison Young
27 deals$294.6M volume
BROKER

Igal Namdar
Namdar Realty Group
21 deals$1.8B volume
BUYER

Details

SOLD
IMAGE: Mitchell Levine, James Nelson, Brent Glodowski & Noah Kossoff DATE: 2/9/2026 ADDRESS: 446 West 14th Street MARKET: Meatpacking District ASSET TYPE: Retail BUYER: Steven Kashanian - Klosed Properties (@KlosedProperties) & Igal Namdar - Namdar Realty Group (@NamdarRealtyGroup) BROKERS: James Nelson (@JamesNelsonNYC), Brent Glodowski (@BrentSellsStores), Mitchell Levine (@Mil1973) & Noah Kossoff (@Noah_Kossoff) - Avison Young (@Avison_Young_Global) SALE PRICE: $23,518,000 SF: 22,285 ~ PPSF: $1,055

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,254.30

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$111.49
Annual Debt Service$1,337.85