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1485 Fulton Street

Leonard Wadler Purchases Mixed-Use Asset In Brooklyn From Steve Kachanian For $1.25M
SOLDMixed-use

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Exodus Capital
Exodus CapitalBrokerage

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