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 portfolio

(NYC’s “Market Value,” 50% or less of actual value)

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

345th largest portfolio by dollar value

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

303th largest by SF

69 properties – Brooklyn 42%, Manhattan 28%

89th largest

868 residential units – Manhattan 49%, Bronx 24%

250th largest by residential units

3 foreclosures, 0 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Buyer signatory: 5 for $30.3 million

Seller signatory: 0 for $0

Borrower signatory: 4 for $181.3 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 4 for 391,430 square feet

Top Ten Associated Companies:

Sanders Investments (6), Signature Bank (2), Metropolitan Commercial Bank (2), Preferred Bank (2), Impulsive Group (1), Rafael Serrano (1), 2651 Broadway Partners LLC (1), Orange Bank & Trust Company (1), Giovanni Gigante (1), Truist Bank (1)

Top Ten Associated People:

Martin Sanders (6), Hank Freid (1), Kenneth A. Stagnari (1), Felix A. Serrano (1), Giovanni Gigante (1), Mordechai Friedman (1), Ranjana Mehta (1), Louis Ciniglio (1), Vicenza LaRussa (1), Margaret Grossman (1)

Recent activity as signatory:

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

• Steven Kachanian filed plans for major alteration for 9,989 sqft in Clinton Hill, Brooklyn, on September 17, 2024.

• Steven Kachanian filed plans for major alteration for 10,286 sqft in Lower East Side, Manhattan, on September 06, 2024.

• Steven Kachanian filed plans for major alteration for 44,622 sqft in Harlem, Manhattan, on August 21, 2024.

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

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

• Steven Kachanian filed plans for major alteration for 326,533 sqft in Upper West Side, Manhattan, on June 12, 2024.

• Namdar Realty Groupand Klosed Propertiesand 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 Abdolazadehand Klosed Propertiesand Namdar Realty Groupand 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.

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