Mendy Tessler Purchases Multifamily Property From Kadula Family For $2 Million In Borough Park

The property asset involved in this transaction is a MultiFamily unit located at 5205 12th Avenue in the Borough Park market. The sale was completed for a price of $2,000,000, encompassing 2 units and a total square footage of 2,192, resulting in a price per unit of $1,000,000 and a price per square foot of $912.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,000,000
• Units: 2
• Square Footage: 2,192
• Price per Unit: $1,000,000
• Price per Square Foot: $912
• Buyer: Mendy Tessler
• Seller: Kadula Family
• Broker: Etan Hakimi - Mitra Hakimi Realty Group
• Date of Transaction: 11/14/2025

This off-market transaction was facilitated by broker Etan Hakimi, Esq., who represented the sellers and secured a favorable post-closing possession arrangement. The sellers were not required to remove any violations, close out old permits, obtain a Certificate of Occupancy, or deliver the premises in broom clean condition. Contact details for the broker, Mitra Hakimi Realty Group, were also noted, highlighting the experienced mother-son team of Mitra and Etan Hakimi.