Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million
SOLD
New York
See Similar DealsMultiFamily55,084 SF
Sold 11/20/2024
SOLD
Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million
106-108 Marcy Place
See Similar DealsMultiFamily55,084 SF
Sold 11/20/2024
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:
- Property Type: MultiFamily
- Transaction Amount: $4,500,000
- Units: 56
- Square Footage: 55,084
- Price Per Unit: $80,357
- Price Per Square Foot: $81
- Buyer: Abe Shalitsky
- Seller: Jeffrey Schneider
- Broker Representatives: Mike Kerwin, Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
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.
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Deal Type
30 years
10 years
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
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