Originally announced August 3, 2026, and published on Business Insider.
Alpha Realty has been exclusively retained to market 2708–2718 Church Avenue, a $56 million mixed-use multifamily property in Prospect Lefferts Gardens, Brooklyn. The newly constructed, six-story elevator building features 69 residential apartments, five commercial spaces, a community facility, and 35 on-site parking spaces.
Offered for sale by its original developer, the property benefits from a new 35-year Affordable New York tax abatement and a residential unit mix comprising 70% free-market and 30% affordable apartments.
Property Overview
| Property Details | |
|---|---|
| Address | 2708–2718 Church Avenue, Brooklyn, NY |
| Asking Price | $56,000,000 |
| Price Per Square Foot | $660 |
| Advertised Cap Rate | 7.25% |
| Property Type | Mixed-Use Multifamily |
| Residential Units | 69 |
| Commercial Spaces | 5 |
| Parking Spaces | 35 |
| Building Height | 6 Stories |
| Construction Completed | 2024 |
| Tax Abatement | 35-Year Affordable New York |
| Residential Mix | 70% Free-Market / 30% Affordable |
Newly Constructed Brooklyn Multifamily Asset with Long-Term Tax Benefits
Completed in 2024, the property features condominium-quality construction, high-end apartment finishes, and an extensive amenity package.
Residents have access to a fitness center, recreation room, bike storage, virtual doorman, central laundry, secure storage, rooftop deck, and wraparound terrace. The building also includes on-site parking.
The 35-year tax abatement represents a significant component of the investment offering, while the predominantly free-market residential mix provides exposure to future rental growth.
Prime Prospect Lefferts Gardens Location
Located along Church Avenue’s established retail corridor, the property offers access to neighborhood shopping, restaurants, Prospect Park, and nearby subway transportation.
Its corner location and proximity to the Church Avenue subway station place the building within an established Brooklyn residential and commercial neighborhood.
Alpha Realty’s Exclusive Marketing Assignment
The assignment reflects Alpha Realty’s focus on multifamily and mixed-use investment sales throughout New York City.
Lev Mavashev, Principal of Alpha Realty, emphasized the combination of new construction, a long-term tax abatement, and a predominantly free-market rental structure as central to the property’s investment appeal.
The offering combines a modern residential building, commercial components, and long-term tax benefits in the Prospect Lefferts Gardens market.
View the Full Listing for 2708-2718 Church Ave in Brooklyn