Gabriel Family Purchases Multifamily Property At 109 Greene Avenue Brooklyn For $5M With Broker Lev Mavashev
SOLD
$5,000,000
New York
See Similar DealsMultiFamily16,720 SF
Sold 10/10/2025
SOLD
Gabriel Family Purchases Multifamily Property At 109 Greene Avenue Brooklyn For $5M With Broker Lev Mavashev
109 Greene Avenue
See Similar DealsMultiFamily16,720 SF
Sold 10/10/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$299
Total Square Footage:16,720 SF
Transaction Type:Sale
This multifamily property located at 109 Greene Avenue in Brooklyn consists of 16 units and spans a total of 16,720 square feet. The sale price for this asset was $5,000,000, resulting in a price per unit of $312,500 and a price per square foot of $299.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Units: 16
- Square Footage: 16,720
- Price Per Unit: $312,500
- Price Per Square Foot: $299
- Buyer: Gabriel Family
- Broker: Lev Mavashev - Alpha Realty
- Date of Transaction: 10/09/2025
The Gabriel Family acquired the property through the representation of Lev Mavashev from Alpha Realty. This transaction reflects the ongoing activity within the Brooklyn real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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