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
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