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451 State Street

Gabriel Family Purchases Multifamily Asset From Kupferman Family For $16.5 Million In Brooklyn
SOLDMultiFamily

Gabriel Family Purchases Multifamily Asset From Kupferman Family For $16.5 Million In Brooklyn

451 State Street, 99 Fifth Avenue, 459 6th Avenue, 719 Union Street & 536 9th Street

$16,500,000

$672/SF

Building Size

24,520 SF

Asset Type

MultiFamily

Closing

Aug 27, 2025

AI

The multifamily asset consists of 31 apartments and 3 commercial units located across five addresses: 451 State Street, 99 Fifth Avenue, 459 6th Avenue, 719 Union Street, and 536 9th Street. This property, situated in the Brooklyn market, has a total square footage of 26,718 and a price per unit of $485,294, totaling a sale price of $16,500,000 and a price per square foot of $618.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,500,000
  • Units: 34
  • Buyer: Gabriel Family
  • Seller: Kupferman Family
  • Broker Representatives: Lev Mavashev & Ben Normatov - Alpha Realty

Lev Mavashev and Ben Normatov represented the buyers, the Gabriel Family, in the transaction, facilitating the deal with the Kupferman Family, the sellers. Their representation played a crucial role in arranging and completing this multifamily asset sale within the Brooklyn market.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93