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1059 Manor Avenue

Jacob Stavsky And Max Orlofsky Purchase Bronx Multifamily For $1 Million From Goodman Family Trust
SOLDMultiFamily

Jacob Stavsky And Max Orlofsky Purchase Bronx Multifamily For $1 Million From Goodman Family Trust

1059 Manor Avenue

$1,000,000

$205/SF

Building Size

4,860 SF

Asset Type

MultiFamily

Closing

Jul 8, 2025

AI

A multifamily asset located at 1059 Manor Avenue in the Bronx has been sold. The property consists of 4 residential units with a total square footage of 4,860. The transaction was completed for a price of $1,000,000, which translates to a price per unit of $250,000 and a price per square foot of $205.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 4
  • Square Footage: 4,860
  • Price per Unit: $250,000
  • Price per Square Foot: $205
  • Buyer: Jacob Stavsky & Max Orlofsky - Stav Equities
  • Seller: Goodman Family Trust
  • Broker: Reuben Lugassy - Twelve Stones Realty

The transaction was facilitated by the broker, Reuben Lugassy from Twelve Stones Realty, representing the agreement between the buyers Jacob Stavsky and Max Orlofsky of Stav Equities and the sellers, the Goodman Family Trust.

Players

Reuben Lugassy

Twelve Stones Realty

Broker

$19.3M

vol

11 deals

Broker
Twelve Stones Realty
Twelve Stones RealtyBrokerage
Stav Equities LLC
Stav Equities LLCBuyer

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93