Steven Kachanian
(Steven Kashanian)
Klosed Properties
(Bluesky Group, Bluesky Development, Klosed Opportunistic Fund)
11 Middle Neck Road, Suite 201, Great Neck, New York 11021
9 Park Place, Third Floor Great Neck, NY 11021
Klosed Properties NYC portfolio
$438.7 million -walkup 33%, elevator 19%, mixed-use 13%; Manhattan 58%, Brooklyn 21%, Bronx 18%*
498th largest portfolio by dollar value
1,268,579 sqft – walkup 30%, elevator 29%, condo 11%; Manhattan 50%, Brooklyn 26%, Bronx 21%
396th largest by SF
71 properties – Brooklyn 40%, Manhattan 31%, Bronx 22%
112th largest
898 residential units – Manhattan 51%, Bronx 24%, Brooklyn 21%
360th largest by residential units
5 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 5 for $26.4 million
Borrower signatory: 2 for $148.9 million
Developer (new building or major alteration): 32 for 419,550 square feet
Top Ten Associated Companies:
Sanders Investments (6), Preferred Bank (2), Signature Bank (2), Metropolitan Commercial Bank (2), Valley National Bank (1), 2651 Broadway Partners LLC (1), Peter Loucas (1), Mordechai Friedman (1), Impulsive Group (1), Rafael Serrano (1)
Top Ten Associated People:
Martin Sanders (6), Penelope Fletcher (1), Hilah Ruth Iaulus (1), Mordechai Friedman (1), Hank Freid (1), Felix A. Serrano (1), Janney Chen (1), Nick Wang (1), Hillel Lazarus (1), Louis Ciniglio (1)
Recent activity as signatory:
• Verbena Road Holdings sold 165 West 91st Street, Upper West Side, Manhattan for $2.3 million to Klosed Properties on February 17, 2026.
• Klosed Properties and Ebrani Holdings borrowed $1.8 million from ConnectOne Bank for 233 East 59 Street on November 03, 2025.
• Nancy J. Haber sold 230 Fort Washington Avenue for $5 million to Namdar Realty Group and Klosed Properties on July 28, 2025.
• Nightingale Properties ground leased 22 East 46 Street valued at $10.4 million to Namdar Realty Group and Klosed Properties on October 31, 2024.
• Paul Chen and Janney Chen sold 176 Rivington Street for $5.2 million to Namdar Realty Group and Klosed Properties on August 06, 2024.
• Abdul M. Khan sold 2250 Grand Concourse for $3.6 million to Namdar Realty Group and Klosed Properties on July 22, 2024.
• Namdar Realty Group, Klosed Properties and Silber Investment Properties borrowed $147.1 million from Reznik Paz Nevo Trusts for 117 West 57 Street on May 24, 2024.
• Ramin Abdolazadeh, Klosed Properties, Namdar Realty Group and Silber Investment Properties borrowed $14.6 million from Ladder Capital for 117 West 57 Street on November 02, 2023.
• Namdar Realty Group, H Holding Group and Klosed Properties borrowed $14.5 million from Metropolitan Commercial Bank for 781 East 134 Street on May 05, 2023.
• Per Von Scheele sold 315 East 58 Street for $3.7 million to Namdar Realty Group and Klosed Properties on March 01, 2023.
Latest Stories:
• Klosed, Ebrani Holdings pay $2.4M for 14-unit walkup in Lenox Hill (November 17, 2025)
• Stacey Tawil pays $4.2M to Klosed Properties for mixed-use in Clinton Hill (June 18, 2025)
• Namdar, Klosed pay $5.2M for 22-unit walkup in Lower East Side (August 15, 2024)
• Namdar, Klosed acquire 21-unit Fordham Heights rental through foreclosure (July 29, 2024)
• Namdar, Klosed, partners, sign $147.1M refi for 20 properties in NYC (June 06, 2024)
• $8M Chinatown bankruptcy, $8M Washington Heights bankruptcy (December 05, 2023)