News: Brokerage

Mavashev of Alpha Realty leads team in seven sales totaling $10.76 million

Lev Mavashev,
Alpha Realty

 

Yehuda Leser,
Alpha Realty

 

Jake Brodie,
Alpha Realty

 

476 East 95th Street - Brooklyn, NY

Manhattan, NY According to Alpha Realty, the firm brokered seven sales totaling $10.76 million. A team led by principal Lev Mavashev, with associates Yehuda Leser and Jake Brodie represented the buyers and sellers in these transactions: 

  • 2368 Adam Powell Blvd. in Harlem, consisting of six apartments and three commercial spaces, this four-story mixed use building totals to 5,250 s/f and includes an adjacent parking lot. The sale price was $2.65 million. Adam Clayton Manor LLC sold to ICER Real Estate.
  • 476 East 95th St. in Brooklyn’s East Flatbush section, this 7,760 s/f, three-story building consists of eight apartments, and sold for $1.55 million with a 6% cap rate. Selah Realty LLC sold to HDG Group LLC 
  • 48-41 45th St. in the Sunnyside neighborhood of Queens, this 3,600 s/f property sold for $1.5 million. Nafpaktos Realty LLC sold to Anageorge LLC. 
  • 4683 Park Ave. in the Belmont section of the Bronx, is a four-story 9,600 s/f building with nine apartments. The vacant property was sold in an off-market transaction for $1.45 million. Park Realty Partners LLC sold to Forrest Equities LLC
  • 564 West 182nd St. in Washington Heights is a vacant three-story building with 4,300 buildable s/f and sold for $1.1 million. Lionson of 564 West 182nd Street LLC sold to 564 West LLC.
  • 4715 New Utrecht Ave. in Brooklyn’s Borough Park is a 2,500 s/f mixed-use building with ground floor retail and second floor apartments. The property sold for $1.25 million. New Utrecht Plty Corp. sold to Znia LLC. 
  • 642 Vermont St. in Brooklyn’s East New York section transacted for $1.26 million in an off-market deal. The property consists of six apartments and a two-car garage currently being used as an auto body shop.  The property traded at a 6.7% cap rate. Bassad Holding LLC sold to F&G Real Estate.
MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking