Please see our updated acquisition criteria below: Please reach us to discuss new opportunities: This marks our 1st acquisition in 2019, while we are currently under hard contract to purchase 7 additional properties. We are very excited for 2019, and looking to expand our portfolio heavily.”
This West Harlem location is only getting better.”Īdam Hajibai, Director of Acquisitions added: “We have been primarily focusing on acquisitions in Harlem, the Bronx, and Brooklyn. Jacob Namdar, Senior Director of Acquisitions said: “Given the downturn of the retail market, we were still able to secure a long-term lease with a strong operator. We finalized this acquisition within hours from our first inspection.” Steven Kachanian, Principal said: “Even when most investors are running away from retail assets, we capitalize on opportunities as long as they are properly priced, well located, and have future upside potential. The property is long-term leased to 87 Orange Street Bar & Restaurant. The property is a 860 SF Retail Condo, located in West Harlem. There rent is below market and will trigger a big uptick in gross rent.Ĭlosing Announcement: 2082 Frederick Douglass Blvd – Retail Condo Klosed Properties is proud to announce the acquisition of the retail condominium at 2082 Frederick Douglass Blvd, New York, NY. The corner space is leased to Chase until 2022 and they have a FMV purchase option. Premier plans to have the inline space l undergo construction immediately to make it attractive to restaurant/food/fast casual eateries. Kenart had owned the space for over 30 years. Marshall Real Estate, LLC) represented both sides of the transaction. The ground floor has 2,100 s/f and the basement is 2,200 s/f. Previously it was occupied by Jeniette Spa but is primed for a restaurant/bar as there is already a vent stack that runs to the roof of the building. The ground floor has 2,568 s/f, the basement has 2,162 s/f and 62 East 13th Street is the inline space. The space is located at 835 Broadway on the southwest corner of Broadway and 13th Street and is home to a Chase Bank. Yaron Jacobi’s Premier Equities has acquired a Union Square retail condo for $11.5 million from seller Kenart Realties. retail condo sold for $11.5M, will be marketed as restaurant space
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