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Alpha Realty Brokers Rent-Stabilized Sales in Bronx 

Alpha Realty’s Lev Mavashev and Yehuda Leser brokered the off-market sale of four rent-stabilized Bronx multifamily properties totaling $16,650,000. The buyer is a family-owned real estate management company which owns and operates thousands of units throughout the boroughs of NYC.  

Mavashev and Leser represented both the buyer and sellers in the following transactions: 

  • 643 Southern Blvd is a 40,992-square-foot, 46-unit walk-up building in Longwood .  
  • 1124 Stratford Ave is a 27,600-square-foot, 40-unit walk-up building in Soundview. 
  • 505 E 178th St. is a 21,450-square-foot, 24-unit corner walk-up building in the Tremont neighborhood. 
  • 4303 Baychester Ave is a 23-unit walk-up building in the Wakefield neighborhood, just under 16,000 square feet.  

“We are seeing the strongest demand for multifamily assets in the Bronx right now since the passage of the 2019 rent laws,” said Mavashev. “There is increased interested from investors for stabilized cash flowing buildings.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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