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Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million

Property Image
SOLD
$4,500,000
Mike Kerwin
Ben Khakshoor
+ 1

New York

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MultiFamily55,084 SF
Sold 11/20/2024
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Property Image
SOLD

Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million

106-108 Marcy Place

See Similar Deals
MultiFamily55,084 SF
Sold 11/20/2024
Mike Kerwin
Ben Khakshoor
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$81
Total Square Footage:55,084 SF
Transaction Type:Sale

The property is a MultiFamily asset located at 106-108 Marcy Place in the Bronx, encompassing 55,084 square feet and consisting of 56 units. The sale price of the property was $4,500,000, resulting in a price per unit of $80,357 and a price per square foot of $81.

Summary of transaction details:

Abe Shalitsky was the buyer in this transaction, whereas Jeffrey Schneider was the seller, facilitated by the brokerage team from Rosewood Realty Group, which included Mike Kerwin, Aaron Jungreis, Ben Khakshoor, and Alex Fuchs.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
132 deals$1.9B volume(212) 359-9913
BROKER

Mike Kerwin
Rosewood Realty Group
31 deals$292.3M volume(212) 359-9920
BROKER

Alex Fuchs
Rosewood Realty Group
100 deals$1.9B volume
BROKER

Details

SOLD
IMAGE: Aaron Jungreis, Ben Khakshoor, Mike Kerwin & Alex Fuchs DATE: 11/20/2024 ADDRESS: 106-108 Marcy Place MARKET: Bronx ASSET TYPE: MultiFamily BUYER: Abe Shalitsky SELLER: Jeffrey Schneider BROKERS: Mike Kerwin (@Mike_Kerwin25), Aaron Jungreis (@AaronJungreis), Ben Khakshoor (@BenKhak) & Alex Fuchs (@AlexFuchs1) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $4,500,000 UNITS: 56 ~ PPU: $80,357 SF: 55,084 ~ PPSF: $81

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55