Alpha Realty Brokers Sale of 31-Unit Apartment Building in Brooklyn

NEW YORK CITY — Alpha Realty has arranged the sale of an apartment building located at 415 Lincoln Ave. in Brooklyn’s Cypress Hill neighborhood. A local private investor acquired the property for $4 million, which is a gross rent multiple of 11.4x and a cap rate of 4.5 percent. The 22,400-square-foot asset features 31 apartment units. Lev Mavashev of Alpha Realty represented the buyer and seller, a local private investor, in the transaction.