-- Alpha Realty has been exclusively retained to market the sale of 2708-2718 Church Avenue, a newly constructed mixed-use multifamily property located on a prime corner in Prospect Lefferts Gardens, Brooklyn. The six-story elevator building features 69 luxury apartments, commercial space and an on-site parking garage.
Offered for sale by its original developer, the property benefits from a new 35-year Affordable New York tax abatement with a 70% free-market and 30% affordable unit mix. This structure provides investors with exposure to future market rent growth while limiting long-term operating expense increases through the tax incentive.
Completed in 2024, the property was built to condominium-quality standards. Apartments feature high-end finishes throughout, complemented by amenities including a fitness center, recreation room, bike storage, indoor parking garage, virtual doorman, secure storage and a rooftop deck with panoramic views of the Brooklyn and Manhattan skylines.
Located along Church Avenue’s vibrant retail corridor, the property is near multiple subway lines, Prospect Park, neighborhood shopping, dining and everyday conveniences. Prospect Lefferts Gardens continues to experience residential demand and neighborhood development.
“Institutional-quality new construction assets with a 35-year tax abatement and a predominantly free-market rent roll are exceptionally difficult to find in today’s market,” said Lev Mavashev, Principal of Alpha Realty. “This offering combines luxury construction, strong in-place cash flow, and significant long-term upside, making it one of the most attractive multifamily investment opportunities currently available in Brooklyn.”
These property features, combined with the location and long-term tax structure, support the building’s appeal to multifamily investors. With its corner location, condominium-quality construction, long-term tax abatement and predominantly free-market unit mix, 2708-2718 Church Avenue is a multifamily asset in one of Brooklyn’s fastest-evolving neighborhoods.
About the company: Alpha Realty is a New York-based commercial real estate brokerage specializing in multifamily and mixed-use investment sales across Manhattan, Brooklyn, and surrounding New York City markets. The firm advises owners, investors, and developers on acquisitions, dispositions, and capital strategy.
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: 89199582
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