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657 Amsterdam Avenue

Steven Kashanian Of Klosed Properties Acquires Retail Property On Amsterdam Avenue For $2.26M
SOLDRetail

Steven Kashanian Of Klosed Properties Acquires Retail Property On Amsterdam Avenue For $2.26M

657 Amsterdam Avenue

$2,260,000

$523/SF

Building Size

4,317 SF

Asset Type

Retail

Closing

Feb 16, 2026

AI

657 Amsterdam Avenue is a retail property located in the Upper West Side market. The asset was sold for $2,260,000, encompassing a total square footage of 4,317, which equates to a price per square foot of $523.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,260,000
  • Buyer: Steven Kashanian - Klosed Properties
  • Seller: SPI Holdings - Dennis Wong
  • Broker: Matthew Marshall - Marshall Real Estate

This transaction was facilitated by Matthew Marshall, who represented the seller, SPI Holdings, in the deal, ensuring the completion of this retail property transaction in a notable market area.

Players

Matthew Marshall

Marshall Real Estate

Broker

$144.4M

vol

26 deals

Broker
Klosed Properties
Klosed PropertiesBuyer
Dennis Wong

Dennis Wong

SPI Holdings

Seller

$570.9M

vol

8 deals

Seller

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

7.02%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93