Mao Huang Acquires Mixed-Use Building At 1641 Broadway Brooklyn From Steven Kashanian For $2.25M

The asset involved in this transaction is a mixed-use building located at 1641 Broadway in Brooklyn. The property features one commercial unit and six residential units, with a total of 6,900 square feet. The building was sold for $2,250,000, resulting in a per-unit price of $321,429 and a price per square foot of $326. The property was delivered 100% occupied and comes with an annual tax bill exceeding $59,000.

Summary of transaction details:

• Property Type: Mixed-use (1 Commercial & 6 Residential)
• Transaction Amount: $2,250,000
• Units: 7
• Price Per Unit: $321,429
• Square Footage: 6,900
• Price Per Square Foot: $326
• Buyer: Mao Huang
• Seller: Steven Kashanian
• Broker: Matthew Peters - Marcus & Millichap

The transaction was facilitated by Matthew Peters of Marcus & Millichap, who guided the process to a successful close in 2026. The deal was characterized by a competitive marketing process that generated numerous offers, overcoming the challenges posed by the property's high tax obligation.