Alpha Realty secured the exclusive assignment to sell 363 Neptune Avenue, a fully renovated 16-unit multifamily property in Brighton Beach, Brooklyn. The turnkey, free-market asset generates $470,480 effective gross income and is offered at $4,550,000, a rare cash-flowing investment opportunity in a coastal Brooklyn submarket.
— Alpha Realty has secured the exclusive assignment to sell 363 Neptune Avenue, a gut-renovated 16-unit multifamily property in the Brighton Beach neighborhood of Brooklyn. The property presents investors with the opportunity to acquire a turnkey, 100% free-market asset in one of South Brooklyn’s most established rental markets.
Located between Ocean Parkway and Brighton 3rd Street, the four-story walk-up building spans approximately 17,088 square feet and consists of 16 residential units. Originally built in 1930, the property has undergone a comprehensive renovation and offers a modernized housing product with strong in-place cash flow and limited near-term capital expenditure requirements.
The asset is currently fully occupied and generates approximately $470,480 in effective gross income, with a projected net operating income of $300,504. The property is being offered at an asking price of $4,550,000. Full listing details are available on LoopNet.
Positioned just steps from Brighton Beach’s famed boardwalk and shoreline, 363 Neptune Avenue benefits from strong neighborhood fundamentals, convenient access to the B and Q subway lines, and a diverse mix of dining, retail, and entertainment options. The property’s coastal location and fully free-market rent roll make it a compelling investment opportunity within the Brooklyn multifamily market.
“363 Neptune Avenue represents a unique opportunity to acquire a fully renovated multifamily asset in one of Brooklyn’s most desirable waterfront neighborhoods,” said Lev Mavashev, Principal of Alpha Realty. “The combination of strong cash flow, free-market tenancy, and a turnkey renovation is rarely available in today’s market.”
The exclusive assignment is being handled by Lev Mavashev of Alpha Realty.
For additional information regarding the offering, interested parties may contact the exclusive agent.
About the company: Alpha Realty is a New York City–based commercial real estate brokerage specializing in the sale of multifamily and mixed-use properties across Manhattan, Brooklyn, and the surrounding boroughs. The firm advises owners, investors, and developers on acquisitions, dispositions, and long-term value strategies, with a focus on market knowledge and hands on execution.
Contact Info:
Name: Lev Mavashev
Email: Send Email
Organization: Alpha Realty – Investment Sales | NYC Multifamily
Address: 164 20th St, Suite 3D, Brooklyn, NY 11232
Phone: (212) 658‑0955
Website: https://www.alpharealtyny.com
Release ID: 89197474
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