Arthur Gabriel & Suren Gabriel Acquire Multifamily Portfolio In Brooklyn For $36M

The transaction involves a multifamily portfolio consisting of 76 units across multiple addresses in Brooklyn, including 591 5th Ave., 104 6th Ave., 99 5th Ave., 459 6th Ave., 451 State St., 536 9th St., 719 Union St., 429 Lincoln Pl., 437 Franklin Ave., and 92 Lexington Ave. The asset encompasses a total square footage of 58,000 and was sold for $36,000,000, resulting in a price per unit of $473,684 and a price per square foot of $620.

Summary of transaction details:

• Property Type: Multifamily Portfolio
• Transaction Amount: $36,000,000
• Buyer: Arthur Gabriel & Suren Gabriel
• Brokers: Lev Mavashev & Ben Normatov - Alpha Realty
• Units: 76
• Square Footage: 58,000
• Price Per Unit: $473,684
• Price Per Square Foot: $620

Arthur Gabriel and Suren Gabriel are the buyers of the multifamily portfolio. The brokers facilitating the transaction were Lev Mavashev and Ben Normatov, representing Alpha Realty in the deal.