Updated May 27, 2026
Multifamily Property At 525 Union Avenue Sold For $38 Million With Lev Mavashev And Daniel Aminov
525 Union Avenue
$38,000,000
$584/SF
Building Size
65,000 SF
Asset Type
MultiFamily
Closing
Mar 30, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 525 Union Avenue in Brooklyn. The transaction was completed for a price of $38,000,000, encompassing a total square footage of 65,000 and resulting in a price per square foot of $584.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $38,000,000
- Address: 525 Union Avenue
- Market: Brooklyn
- Square Footage: 65,000
- Price Per Square Foot: $584
- Brokers: Lev Mavashev & Daniel Aminov - Alpha Realty
Lev Mavashev and Daniel Aminov represented the seller in this transaction, providing their brokerage services through Alpha Realty to facilitate this deal effectively.
On the Map
$38,000,000
$584/SF
MultiFamily
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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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93