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Steven Kordvani And Jonathan Loloi Of Parkview Properties Acquire Brooklyn MultiFamily Asset For $8.4M

Property Image
SOLD
$8,400,000
Ben Normatov
Lev Mavashev
+ 1

New York

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MultiFamily25,671 SF
Sold 09/16/2025
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Property Image
SOLD

Steven Kordvani And Jonathan Loloi Of Parkview Properties Acquire Brooklyn MultiFamily Asset For $8.4M

499 Evergreen Avenue & 503 Evergreen Avenue

See Similar Deals
MultiFamily25,671 SF
Sold 09/16/2025
Ben Normatov
Lev Mavashev
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$327
Total Square Footage:25,671 SF
Transaction Type:Sale

The property asset involved in this transaction is a MultiFamily building comprising 17 apartments and 2 commercial spaces, located at 499 Evergreen Avenue & 503 Evergreen Avenue in Brooklyn. The transaction was completed for a price of $8,400,000, featuring a total of 24,800 square feet which translates to a price per square foot of $339. The transaction resulted in a price per unit of $442,105 for the 19 units included in the sale.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $8,400,000
  • Address: 499 Evergreen Avenue & 503 Evergreen Avenue
  • Market: Brooklyn
  • Units: 19
  • Square Footage: 24,800
  • Price Per Unit: $442,105
  • Price Per Square Foot: $339
  • Buyer: Steven Kordvani & Jonathan Loloi - Parkview Properties
  • Brokers: Lev Mavashev, Ben Normatov & Eli Yusupov - Alpha Realty

Key individuals representing the buyers include Steven Kordvani and Jonathan Loloi from Parkview Properties who facilitated the acquisition of this asset. The representatives for the transaction also included Lev Mavashev, Ben Normatov, and Eli Yusupov from Alpha Realty, who played a significant role in the negotiation and finalization of the sale.

Players

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

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

Eli Yusupov
Alpha Realty
13 deals$60.2M volume
BROKER

Alpha Realty
BROKERAGE


Details

SOLD
IMAGE: Steven Kordvani, Jonathan Loloi, Lev Mavashev, Eli Yusupov & Ben Normatov DATE: 9/16/2025 ADDRESS: 499 Evergreen Avenue & 503 Evergreen Avenue MARKET: Brooklyn ASSET TYPE: MultiFamily (17 Apartments & 2 Commercial Spaces) BUYER: Steven Kordvani & Jonathan Loloi - Parkview Properties (@ParkviewNY) BROKERS: Lev Mavashev (@Lev_Mavashev), Ben Normatov (@Ben_Normatov) & Eli Yusupov (@Eli.Y_) - Alpha Realty (@Alpha_Realty_NY) SALE PRICE: $8,400,000 UNITS: 19 ~ PPU: $442,105 SF: 24,800 ~ PPSF: $339

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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