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
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