Mavashev of Alpha Realty sells 415 Lincoln Avenue for $4.05 million

Lev Mavashev, Alpha Realty

415 Lincoln Avenue - New York, NY

Brooklyn, NY Alpha Realty arranged the sale of 415 Lincoln Ave. situated in the Cypress Hill section of the borough. The building consisted of 31 apartments totaling 22,400 s/f. The building sold for $4.05 million, which was a gross rent multiple of 11.4x and cap-rate of 4.5%. Lev Mavashev of Alpha Realty represented the buyer and seller; both are local private investors. “415 Lincoln Ave. had attractive metrics for this location, and received many competitive offers resulting in a very quick, almost auction like environment. I believe everyone came out a winner in this deal,” said Mavashev.

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