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
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.
Players
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