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Boerum Hill Portfolio Sale Sets Pricing Record
Alpha Realty arranged the sale of a three-building package located at 348 Atlantic Ave, 336 State St. and 75 Hoyt St. in Brooklyn’s Boerum Hill neighborhood. The sale price of $11,850,000 equated to $1,161 per square foot, a record for the submarket.
The team of Lev Mavashev and Daniel Aminov represented both the buyer and the seller. The seller was a fund that was impacted by COVID and was looking to liquidate its holdings in Brooklyn. The buyer was a European investment company that wanted to build up its holdings in New York City.
“Over the last quarter, we started to see the market rebound with an influx of new buyers entering the market, driving up bids and competition, enabling us to achieve record pricing,” said Mavashev.
Aminov added, “There is tremendous demand for well-located assets such as these. We were able to source the perfect buyer for this deal.”
- ◦Sale/Acquisition

