Klosed Properties’ investing thesis is, was, and always will be contrarian. Klosed sees the flight of capital from a given location as an opportunity to execute.
WE DO IT SMART
To bring you an essential added value in the management of real estate
During the Covid-19 Pandemic,Klosed Properties remained one of the most active buyers of real estate in NYC, and as the Pandemic eased, Klosed saw property values and rents jump dramatically, making this period one of the most successful in Klosed’s history.
As capital chased ever sinking yields in sunbelt markets, Klosed correctly saw this trend as fraught with downside risk. While high loads of bridge debt are beginning to erode at multifamily returns across the country, Klosed Properties is poised to execute on another round of market distress.
Klosed Properties has built a management machine that is geared towards handling the most difficult investing environments possible. With top management touring assets 2-3 times per week, Klosed Properties (through Bluesky Management) knows that it could capitalize on assets that other, less equipped, managers cannot. Being able to find solutions for even the hairiest assets has afforded Klosed the ability to find value in places other investors are missing.
OUR NUMBERS
We focus on underperforming assets and opportunistic investments. By utilizing our strong analytical skills, deep knowledge of the market, creative deal structures and critical relationships within the industry, we are able to unlock the value and potential of underperforming assets.
Assets Under Management
With over 90 assets under our management, Klosed Properties is growing and expanding its portfolio at an unprecedented pace. We target densely populated markets and commercial corridors and shopping centers where retailers register high sales volume.
In Transaction Volume
Klosed Properties has been growing at an unprecedented pace primarily due to its stellar reputation and integrity within the industry. As a family firm, we apply our core values in every aspect of our lives - especially in business
Successful Transactions
Our vertically integrated business spans across sourcing, funding, renovating and managing our assets internally gives us a solid competitive edge.
Completed Projects
Klosed Properties cuts out the middlemen which simplifies and accelerates our decision-making processes and boosts performance.
Gross Revenue
We have developed a proprietary nationwide platform that allows us to analyze each segment of every major retail market in the U.S. in granular detail. We close up to 15 deals a year and have invested more than $265,000,000 since 2008.
Assets Under Management
In Transaction Volume
Successful Transactions
Completed Projects
Gross Revenue
STEVEN GRADUATED baruch college
He started working with his grandpa buying and selling foreclosed homes in Queens and Brooklyn.
STEVEN STARTED KLOSED PROPERTIES
A brokerage business, focused on selling properties to investors in his community.
FIRST ACQUISITION
302 Broome St, a vacant retail condo
ACQUISITION
144 W 46th St,
Klosed Properties’
first renovation project
ACQUISITION
466 Myrtle Ave,
Brooklyn for
$1,500,000
HIRED OUR FIRST PROPERTY MANAGER
ACQUISITION
211 Nassau Ave
purchase price of $2,000,000
ACQUISITION
2809 Third Ave, Bronx
for $1,575,000
ACQUISITION
837 Second Ave
ACQUISITION
20 St Marks
ACQUISITION
663 Flatbush Ave
SOLD
466 Myrtle Ave, Brooklyn
for $2,460,000
ACQUISITION
507 Myrtle Ave, Brooklyn our first full gut renovation
ACQUISITION
2427 Hoffman St., Bronx our first property with high violations count and in the AEP program
ACQUISITION
210 E 117th St, NYC
for $1,350,000
PURCHASED
688 Washington Ave,
Brooklyn our first conversion project
SOLD
210 E 117th St for $2,250,000
PURCHASED
2038 5th Ave, NYC our first building with a regulatory agreement
Record year with 14 Acquisitions
ACQUISITION
2503 Hughes Ave, our first property catering to students in Belmont for Fordham Students
SOLD
2809 Third Ave, Bronx for $3,150,000
8 Acquisitions in one year
Record year with 19 Acquisitions
ACQUISITION
191 Bedford Ave, in prime Williamsburg
ACQUISITION:
117 W 57th St, on Prime Billionaire’s Row
ACQUISITION
9th Avenue portfolio for $26M
ACQUISITION
2651 Broadway, a 125-unit SRO that we are converting to 54 Class A units
SOLD
211 Nassau Ave. for $4,200,000
ACQUISITION
666 9th Ave
ACQUISITION
721 Columbus Avenue
KLOSED OPPORTUNISTIC FUND was incorporated & launched
Steven Kashanian
Managing PrincipalEmail: sk@klosedllc.com | LinkedIn
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Rodolfo Kashanian
PrincipalEmail: rk@klosedllc.com
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Ryan Powers Tapp
Managing Director of AcquisitionsEmail: rpt@klosedllc.com
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Shawn Aziz
VP of AcquisitionsEmail: sa@klosedllc.com
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rem aperiam, eaque ipsa quae ab illo inventore veritatis et
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