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

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SOLD
$16,500,000

New York

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MultiFamily24,520 SF
Sold 08/28/2025
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SOLD

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

See Similar Deals
MultiFamily24,520 SF
Sold 08/28/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$672
Total Square Footage:24,520 SF
Transaction Type:Sale

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
105 deals$704M volume(212) 658-0955
BROKER

Ben Normatov
41 deals$269.9M volume(917) 355-6239
BROKER

Details

SOLD
IMAGE: Lev Mavashev & Ben Normatov DATE: 8/28/2025 ADDRESS: 451 State Street, 99 Fifth Avenue, 459 6th Avenue, 719 Union Street & 536 9th Street MARKET: Brooklyn ASSET TYPE: Multifamily (31 Apartments & 3 Commercial) BUYER: Gabriel Family SELLER: Kupferman Family BROKERS: Lev Mavashev (@Lev_Mavashev) & Ben Normatov (@Ben_Normatov) - Alpha Realty (@Alpha_Realty_NY) SALE PRICE: $16,500,000 UNITS: 34 ~ PPU: $485,294 SF: 26,718 ~ PPSF: $618

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01