Namdar, Klosed snag Dumbo retail condos for $53M
Igal Namdar has teamed up with another Great Neck developer on a Dumbo retail play. Namdar Realty Group and Klosed Properties have purchased the two retail condominiums at the base of the luxury residential building at 85 Jay Street for $52.5 million from CIM Group, The Real Deal has learned. The condos span 128,000 square feet across three levels of the full-block, two-towered condo-and-rental complex known as Front & York. The space is anchored by Life Time Fitness, which occupies 78,000 square feet under a long-term, 20-plus-year lease. Other tenants include CVS, daycare Petit Poussins and Nightingale Cardiology. The retail […]This article originally appeared on The Real Deal. Click here to read the full story.
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