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New York & Tri-State  + New York + Uptown/Bronx  + Apartments  | 
2651-2657 Broadway Manhattan

Klosed Properties Snaps Up Mixed-Use on Upper West Side

Avison Young’s New York office arranged the sale of 2651-2657 Broadway, a mixed-use building on the corner of Broadway and West 101st Street. The 36,730-square-foot Upper West Side property traded for $15.5 million to Klosed Properties, which plans to convert it into a class A residential building with upgraded retail. 

The Tri-State Investment Sales team of James Nelson, Brandon Polakoff, Mitchell Levine and Alexandra Marolda represented the seller in addition to procuring the buyer. 

“Despite the challenge of launching marketing at the beginning of the pandemic, our team was able to successfully secure a buyer who recognized the unique investment opportunity that 2651-2657 Broadway provided,” said Nelson.    

Steven Kachanian at Klosed Properties said, “With the Upper West Side being one of the most sought-after residential enclaves in New York City, we recognized the value of repositioning the property as a class A residential building and acted fast.” 

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Avison Young Tri-State Investment Sales Team

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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