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Klosed Closes on Two Retail Condo Acquisitions

NEW YORK—Klosed L.L.C., based in New York City, has acquired two retail condominiums for a combined price of $8.3 million.

The first acquisition is located at 145-147 Mulberry Street in Little Italy. The 6,700-sq.-ft. retail condominium is currently leased to Mambo Italiano Ristorante and Piano Bar. Klosed acquired the property for $4 million. Kevin Salmon and Matthew Marshall of Salmon & Marshall Real Estate Investments represented the seller in this transaction.

The second acquisition is located at 90 William Street. Consisting of five stores, the property totals 4,600 sq. ft. and is situated in the Financial District. The sales price was $4.3 million. Debbie Hildreth and Adrian Berger of Global Realty Opportunities worked to secure this transaction.

Both transactions were closed all cash.

"Both properties are located in good locations with strong visibility and foot traffic,” said Steven Kachanian, principal of Klosed. “Current tenants are paying below market rents creating good upside for the future."

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