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

klosedproperties.com

People:

To see the 2 people from this company you need a Professional level subscription

Subscribe ($125/month)

Klosed Properties portfolio

$167.2 million* – walkup 41%, mixed-use 17%; Manhattan 66%, Brooklyn 18%

361th largest portfolio by dollar value

1,107,557 sqft – walkup 34%, elevator 31%;

316th largest by SF

69 properties – Brooklyn 42%, Manhattan 28%

140th largest

868 residential units – Manhattan 49%, Bronx 24%

272th largest by residential units

5 foreclosures, 0 bankruptcies, 4 other court cases.

Company Activity past 24 months:

Buyer company: 5 for $30.3 million

Borrower company: 4 for $181.3 million

Lender company: 1 for $0

Top Ten Associated Companies:

Abdul M. Khan (2), Nightingale Properties (2), Metropolitan Commercial Bank (2), Preferred Bank (2), Witkoff (1), Orange Bank & Trust Company (1), Scott Milchman (1), Giovanni Gigante (1), Truist Bank (1), Mordechai Friedman (1)

Top Ten Associated People:

Scott J. Milchman (1), Giovanni Gigante (1), Mordechai Friedman (1), Ranjana Mehta (1), Vicenza LaRussa (1), Louis Ciniglio (1), Per Von Scheele (1), Margaret Grossman (1), Elie Schwartz (1), Stephen B. Kaufman (1)

Recent activity as company:

• Nightingale Properties sold 20 East 46th Street, Grand Central, Manhattan for $10.4 million to Namdar Realty Group and Klosed Properties on November 07, 2024.

• Paul Chen and Janney Chen sold 176 Rivington Street, Lower East Side, Manhattan for $5.2 million to Namdar Realty Group and Klosed Properties on August 14, 2024.

• Abdul M. Khan sold 2250 Grand Concourse, Fordham Heights, Bronx for $3.6 million to Namdar Realty Group and Klosed Properties on July 26, 2024.

• Namdar Realty Group, Klosed Properties and Silber Investment Properties borrowed $147.1 million from Reznik Paz Nevo Trusts for 117 West 57th Street, 128 E 86th St, 666 9th Avenue, 312 Manhattan Avenue, 578 9th Avenue, and others, Midtown West, Manhattan on June 05, 2024.

• Ramin Abdolazadeh, Klosed Properties, Namdar Realty Group and Silber Investment Properties borrowed $14.6 million from Ladder Capital for 117 West 57th Street and 128 East 86th Street, Midtown West, Manhattan on November 22, 2023.

• Nightingale Properties borrowed $0 from Namdar Realty Group and Klosed Properties for 20 East 46th Street, Grand Central, Manhattan on September 06, 2023.

• Namdar Realty Group, H Holding Group and Klosed Properties borrowed $14.5 million from Metropolitan Commercial Bank for 780 East 135th Street, Mott Haven, Bronx on May 10, 2023.

• Per Von Scheele sold 315 East 58th Street, Sutton Place, Manhattan for $3.7 million to Namdar Realty Group and Klosed Properties on March 14, 2023.

• Namdar Realty Group and Klosed Properties borrowed $5.1 million from Dime Community Bank for 2509 Hoffman Street and 2505 Hoffman Street, Belmont/Little Italy, Bronx on February 17, 2023.

• Ranjana Mehta sold 2509 Hoffman Street and 2505 Hoffman Street, Belmont/Little Italy, Bronx for $7.4 million to Namdar Realty Group and Klosed Properties on February 17, 2023.