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

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.