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:
- Property Type: Retail
- Transaction Amount: $23,518,000
- Address: 446 West 14th Street
- Market: Meatpacking District
- Square Footage: 22,285
- Price per Square Foot: $1,055
- Buyer: Steven Kashanian - Klosed Properties & Igal Namdar - Namdar Realty Group
- Brokers: James Nelson, Brent Glodowski, Mitchell Levine & Noah Kossoff - Avison Young
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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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