Namdar Realty Group And Klosed Properties Acquire Mixed-Use Portfolio In Hell's Kitchen For $26M

Namdar Realty Group and Klosed Properties have closed a portfolio sale in Hell's Kitchen, New York City. The mixed-use property, located at 568, 570, 574, 576 & 578-580 9th Avenue, was sold by Martin Sanders. The sale price for the portfolio was $26,000,000, with a total square footage of 31,297. This translates to a price per square foot of $830.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $26,000,000
• Address: 568, 570, 574, 576 & 578-580 9th Avenue, Hell's Kitchen
• Market: Hell's Kitchen

The buyers of the portfolio were Namdar Realty Group, represented by Igal Namdar, and Klosed Properties, represented by Steven Kachanian and Adam Hajibai. The sellers were Martin Sanders. The deal was facilitated by brokers Aaron Jungreis, Alex Fuchs, and Ben Khakshoor of Rosewood Realty Group.

According to @KlosedProperties, the buyers closed this portfolio sale in an all-cash transaction, signing and closing the deal within 30 days.

For any opportunities, please reach out to Adam Hajibai at [email protected] or 516-858-0024.