Raff, Mavashev and Aranov of Alpha Realty collaborate for $6.2 million sale of Brooklyn property
Brooklyn, NY Alpha Realty has completed the sale of 6214 11th Ave. in the Borough Park section for $6.2 million. Alpha Realty managing partners Glenn Raff and Lev Mavashev represented the seller and director of sales Jacob Aranov represented the buyer in this transaction.
The retail component featured a 6,000 s/f single story building, with a total of eight commercial units, while the development aspect of the deal included a vacant lot with 11,000 s/f buildable.
Aranov said, “The buyer was searching for an income producing property with available space for future development. We showed him this location, he instantly recognized the potential returns on their investment, and decided that it was a perfect fit for their portfolio. The neighborhood has a very dense residential population, and the 11th avenue commercial corridor is the local destination for the area’s retail shopping and dining needs. This of course ensures a low vacancy rate and stable income for any commercial property in the area."
6214 11th Avenue - Brooklyn, NY