Steven Kashanian

Klosed Properties

(Bluesky Group, Bluesky Development, Klosed Opportunistic Fund)

Owner

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: 3 for $166.8 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Signature Bank (2), Impulsive Group (1), Rafael Serrano (1), 2651 Broadway Partners LLC (1), Orange Bank & Trust Company (1), Giovanni Gigante (1), Truist Bank (1), Mordechai Friedman (1), Ranjana Mehta (1), Dime Community Bank (1)

Top Ten Associated People:

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), Per Von Scheele (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.

• 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.

• 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.

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

• Namdar Realty Groupand 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 Groupand Klosed Properties on February 17, 2023.

• Namdar Realty Groupand Klosed Properties borrowed $49 million from Truist Bank for 721 Columbus Avenue, Upper West Side, Manhattan on January 06, 2023.

• Sugar Hill Capital Partners sold 584 Myrtle Avenue, Clinton Hill, Brooklyn for $4.7 million to Klosed Propertiesand Namdar Realty Group on December 19, 2022.