Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million
106-108 Marcy Place
$4,500,000
$81/SF
Building Size
55,084 SF
Asset Type
MultiFamily
Closing
Nov 20, 2024
AI
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.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93