Jacob Stavsky And Max Orlofsky Purchase Bronx Multifamily For $1 Million From Goodman Family Trust
SOLD
$1,000,000
New York
See Similar DealsMultiFamily4,860 SF
Sold 07/09/2025
SOLD
Jacob Stavsky And Max Orlofsky Purchase Bronx Multifamily For $1 Million From Goodman Family Trust
1059 Manor Avenue
See Similar DealsMultiFamily4,860 SF
Sold 07/09/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:4,860 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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