Leonard Wadler Purchases Mixed-Use Asset In Brooklyn From Steve Kachanian For $1.25M
1485 Fulton Street
$1,250,000
$506/SF
Building Size
2,470 SF
Asset Type
Mixed-use
Closing
Jul 16, 2025
AI
The asset involved in this transaction is a mixed-use property located at 1485 Fulton Street in Brooklyn. The property has a total square footage of 2,470 and consists of 3 units. The sale was finalized at a price of $1,250,000, resulting in a price per unit of $416,667 and a price per square foot of $506.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,250,000
- Units: 3
- Square Footage: 2,470
- Price per Unit: $416,667
- Price per Square Foot: $506
- Buyer: Leonard Wadler
- Seller: Steve Kachanian
- Buyer's Representative: Fred Bijou - Bijou Equities
- Seller's Representative: Haley Hasho - Exodus Capital
The transaction was executed with Leonard Wadler as the buyer and Steve Kachanian as the seller. Fred Bijou from Bijou Equities represented the buyer while Haley Hasho from Exodus Capital represented the seller in this deal.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93