News: Brokerage

Mavashev of Besen arranges three sales totaling $6.14 million; Doshi and Mavashev broker $2.45 million sale

Besen & Associates arranged the sale of 415 Lincoln Ave., 361 Miller Ave., and 2883 Atlantic Ave. These three properties were sold for a total of $6.14 million. 415 Lincoln Ave. sold for $2.45 million and was completed by Lev Mavashev and Amit Doshi. 361 Miller Ave. sold at the price of $1.85 million and 2883 Atlantic Ave. at $1.84 million, both of which were brokered solely by Mavashev. 415 Lincoln Ave. is located between Liberty and Atlantic Aves. This property is a 4-story walk-up apartment building with 30 units and totals 22,400 s/f. 361 Miller Ave. is a 4-story walk-up building consisting of 20 apartments and totals16,733 s/f. All 20 apartments are two-bedroom units. This property is located between Pitkin Ave. and Belmont Ave. 2883 Atlantic Ave. is a 4-story corner apartment building with 14 large apartments and 2 stores. The apartment layouts consist of all three and four bedroom units. The property totals 16,191 s/f. Lev Mavashev has been very active in the Brooklyn multifamily market, selling apartment buildings across various neighborhoods from East New York to Williamsburg. He is considered one of Besen's top producing brokers in the Brooklyn market.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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