Brooklyn, NY Alpha Realty completed the sales of 5601 Snyder Ave. and 545-555 East 82nd St. located in East Flatbush neighborhood. Both properties sold for combined price of $7 million. 

Lev Mavashev brokered the deal for both the buyers and the seller in this off-market transaction. Up Realty was the seller, while the buyers were two separate private local investors. 

5601 Snyder Ave. is a 16-unit apartment building consisting of 12,800 s/f, sold for $3 million. And 545-555 East 82nd St. is a 26-unit apartment building consisting of 21,000 s/f, sold for $4 million. Combined, the transaction yielded $207 per s/f and a 5.6% cap rate.

Thanks for Reading!

You've read 3 of your 3 guest articles

Register and get instant unlimited access to all of our articles online.

Sign up is quick, easy, & FREE.

Subscription Options

Already have an account? Login here