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Brokerage
Posted: August 1, 2017
Mavashev of Alpha Realty negotiates $7 million sale of two Brooklyn apartment buildings
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.
Alpha Realty
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.
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