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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.”
- ◦Sale/Acquisition
