Kahen Properties buys three Lenox Hill sites for $34M – Robert Khodadadian

A developer known for luxury rentals picked up three sites in Lenox Hill last week, but will hold off on developing the properties as key tax breaks hang in the balance. Kahen Properties purchased the three sites for $34 million, Crain’s reported. The sites are adjacent to one another, stretching from 1020-1024 Third Avenue to 1026 Third Avenue. The two sellers in the deals were Portfolio4 LLC and Jans Investment Co. All three sites, situated

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, 421a, lenox hill, Multifamily Market The Real Deal New York Read More