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

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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.