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Lev Mavashev sells Three Contiguous Buildings – 1193, 1199 & 1205 Eastern Pkwy

A New York investor who primarily owns and operates multifamily buildings has bought these three contiguous four-story 1912 walk-ups, which together have 49 rent-stabilized apartments — one one-bedroom, 20 two-bedrooms, 28 three-bedrooms. The yellow brick buildings with limestone bases and front yards offer a total of 53,905 square feet and 147 feet of frontage. They sold for 15 times the rent roll, with a cap rate of 4.2 percent.

Glenn Raff sold Midtown West 6-Story Elevator Building for $47.5M

Glenn Raff of Alpha Realty sold Midtown West 6-Story Elevator Building for $47.5 million A private local investor has bought this 1945 mixed-use six-story corner elevator apartment building for 20.7 times the rent roll in Hell’s Kitchen. The recently renovated 37,000-square-foot building has 37 apartments — 29 rented at market rates and eight that are rent-stabilized — with rents averaging $3,300. The Greek Kitchen and Boston Market occupy the retail spaces. […]

Alpha Realty sells Greenwich Village Mixed-Use Building for $8.85M

Alpha Realty is pleased to announce the sale of 133 West 3rd Street situated in the heart of Greenwich Village. The building consisted of 7 apartments and 1 Store, with the retail occupied by a restaurant, totaling approx 6,200 square feet.  The building sold for $8,850,000 and equated to a price of $1,437 per foot.  The apartments above the restaurant were all free-market and delivered vacant. Alpha Realty represented the […]

Mavashev of Alpha Realty broker two off-market transactions in the Bronx totaling $9.6 million

Bronx, NY Alpha Realty has completed the sale of 735 East 182nd St. and 833 Longfellow Ave. totaling $9.6 million. Lev Mavashev handled the off-market transactions. 833 Longfellow St., a 26-unit walk-up building in the Hunts Point section, sold for $5.875 million, achieving a 12x gross rent multiple and 6.5% rate. While 735 East 182nd St., a 21-unit walk-up building in the Belmont section, sold for $3.7 million achieving a 10.5x […]

Lev Mavashev plays $12 Million Matchmaker

Dealmaker Lev Mavashev has closed on a $12.5 million pair of Washington Heights apartment buildings. The Alpha Realty principal brokered the off-maker sale of 560 and 569 West 192nd Street in Washington Heights. 560 West 192nd Street is a 31-unit building consisting of approxmately 31,000 s/f and 569 West 192nd Street is a 29-unit building consisting of approximately 30,000 s/f. Both buildings are five-story walk ups located across the street […]

Lev Mavashev and Jacob Aronov of Alpha Realty sell two contiguous buildings on Eastern Parkway

Brooklyn, NY Alpha Realty has completed the $5 million sale of 1308 and 1314 Eastern Pwy. in the Crown Heights neighborhood. Alpha managing director, Jacob Aronov represented the buyer Witnick Real Estate Partners, while managing partner Lev Mavashev represented the selling party, Up Realty. The two contiguous four story walk-ups totaling 17 units and 18,000 s/f are located between Ralph Ave. and Portal St. With all the upgrades the seller […]

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Lev Mavashev of Alpha Realty arranges the sale 55-unit Elevator Building in Harlem

Lev Mavashev of Alpha Realty arranges the sale 55-unit Elevator Building in Harlem Manhattan-based multi-family investors Coltown Properties purchased a Harlem apartment building at 137 West 137th Street for $12 million, Commercial Observer has learned. The 55-unit, six-story rental building, which comprises 31,000 square feet, is between Malcolm X and Adam Clayton Powell Jr. Boulevards. The building has only free-market apartments. Alpha Realty’s Lev Mavashev represented both Coltown Properties and […]

Lev Mavashev and Glenn Raff sell East Village Mixed-Use Building for $11.5M

Six-Story East Village Building Goes for $11.5M Adria Realty Investment Association has sold its six-story residential rental building in the East Village for $11.5 million, Commercial Observer has learned. The buyer, Allied XVII LLC, closed on the purchase of the 13,405-square-foot building at 103 St. Marks Place yesterday, one of the brokers on the deal said. The building, on St. Mark’s Place between Avenue A and First Avenue, has 21 apartments […]

Lev Mavashev Sold Two East Flatbush Properties for $7M

Alpha Realty announced the sales of 5601 Snyder Ave and 545-555 East 82nd Street located in East Flatbush Section of Brooklyn. Both properties sold for combined price of $7,000,000. Up Realty was the seller, while the buyers were two separate private local investors. Lev Mavashev brokered the deal for both the buyers and the seller in this off-market transaction. 5601 Snyder Ave., a 16-unit apartment building consisting of approx 12,800 s/f sold for […]