Alpha Realty has been retained as exclusive broker to sell a four-building portfolio in the East Flatbush neighborhood of Brooklyn. Consisting of 101 Belmont Ave., 980 Rutland Rd., 296 Legion St. and 3324 Tilden Ave., the mixed-use portfolio consists of 14 free-market rental apartments and four commercial units.
The four-building package is priced at $5.1 million, representing a 6.4% cap rate. Alpha Realty’s Brooklyn team of Lev MavashevandDanny Aminov are spearheading the assignment.
All four buildings have been fully gut renovated in the past two years, Alpha Realty says. In addition, all four are under a protected tax class, limiting the property tax increases.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).