Newswire

Klosed Properties Acquires Brooklyn Multifamily For $2.5M

Steven Kachanian

Klosed Properties kicked 2021 by acquiring 285 Quincy Street, a 21-unit multifamily property located in the heart of the Bedford-Stuyvesant area of Brooklyn, for $2.5 million.

The property is almost 32,000 square feet with large units and just a handful of vacant units.

Despite the tumultuous market of the last year, Steven Kachanian, managing principal and his team, Jacob Namdar, managing director of acquisitions, and Adam Hajibai, vice president of acquisitions, closed $38.66 million in total volume in 2020 and project to exceed that number in 2021.

“We are all uncertain what 2021 will bring, but Klosed Properties is optimistic,” Hajibai states, “It’s a buyers’ market and as pricing continues to decline, we expect to see an increase in transaction volume from investors like ourselves.”

 

 

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