Alpha Realty Brokers Lev Mavashev & Daniel Aminov Facilitate $26.8M Sale Of Multifamily Property On Union Avenue, NYC
525 Union Ave Brooklyn, Ny 11211, Usa
$26,800,000
$414/SF
Building Size
64,650 SF
Asset Type
MultiFamily
Closing
Jun 9, 2023
AI
A multifamily property located at 525 Union Avenue in New York City has been sold for a total of $26,800,000. The property consists of 43 units, with an average price per unit of $623,256. The total square footage of the property is 64,650, with a price per square foot of $415.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,800,000
- Address: 525 Union Avenue, New York City
- Market: New York City
- Brokers: Lev Mavashev & Daniel Aminov - Alpha Realty
- Units: 43
- Price per Unit: $623,256
- Square Footage: 64,650
- Price per Square Foot: $415
Lev Mavashev and Daniel Aminov from Alpha Realty represented the parties involved in the transaction. Their expertise and negotiation skills played a crucial role in the successful sale of the property. Both brokers are well-respected in the industry and have a strong track record of closing similar deals.
Players
New York 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93